Humana Inc. has released its financial results for Q2 2025, revealing performance metrics that align closely with expectations and updated guidance for the entire year.
Q2 Financial Performance
In Q2 2025, Humana Inc. reported an adjusted earnings per share (EPS) of $6.27, slightly below the expected EPS of $6.32. On a GAAP basis, the EPS was $4.51. The company's revenue for the quarter reached $32.39 billion, exceeding the anticipated $31.77 billion.
This revenue increase was primarily driven by higher premiums per member from Medicare and state-based contracts, as well as membership growth in state-based contracts and stand-alone PDP businesses. However, these gains were partially offset by a decline in individual Medicare Advantage membership due to the company’s strategic exit from unprofitable plans and counties.
2025 Guidance Revision
Looking ahead, Humana has revised its full-year 2025 guidance, adjusting its expectations to reflect current market conditions and strategic initiatives. The company has lowered its GAAP EPS guidance to approximately $13.77, down from the previous estimate of $14.68.
However, Humana has raised its adjusted EPS guidance to approximately $17.00, up from the prior guidance of $16.25, demonstrating the company’s confidence in its ongoing value creation initiatives and operational efficiencies.
Company Strategic Initiatives
Additionally, Humana has updated its revenue guidance for the full year, projecting consolidated revenues of at least $128 billion, an increase from the previous guidance range of $126 billion to $128 billion. This revision is driven by anticipated growth in the CenterWell segment, which includes pharmacy, primary care, and home solutions.
Humana has also revised its individual Medicare Advantage membership guidance, now anticipating a decline of up to 500,000 members, an improvement from the previous guidance of a decline of approximately 550,000 members.
Despite these challenges, Humana Inc. remains focused on its strategic initiatives, aiming to expand its market presence and drive sustainable long-term value creation.
