Humana, Inc. has reported strong third quarter 2023 earnings, with its adjusted earnings per share of $7.78 beating analysts’ estimates. For the first three quarters of 2023, Humana has earned $3 billion in profit.
Humana also announced that it expects to increase its Medicare Advantage membership to 860,000 in 2023, an increase of 19%, and that it anticipates its 2024 Medicare Advantage membership growth to be at or above industry levels.
In its earnings release, Humana’s President and Chief Executive Officer Bruce D. Broussard stated: “Our third quarter results reinforce Humana’s commitment to delivering strong earnings growth, especially considering the 19 percent increase in our individual Medicare Advantage membership which significantly outpaces the industry growth rate.”
Humana’s third quarter 2023 earnings release is linked here.