Humana(NYSE) HUM

Humana Inc. helps people pay for their health care. It provides insurance plans and runs medical clinics. These services support older adults and military families.

Health Plans and Care Services

• Insurance Plans: Medicare Advantage, stand-alone prescription drug plans, and Medicaid services for individuals and groups; accounted for $77.0 billion in external revenue for the six-month period ended June 30, 2026.
• CenterWell Healthcare: Pharmacy solutions, primary care clinics, and home-based health services for patients; contributed $3.0 billion in external revenue for the six months ended June 30, 2026.
• Specialty Benefits: Dental, vision, and other supplemental health insurance products; serves individuals and employer groups.
• Military Services: Health care administrative solutions for military personnel and their families through the TRICARE contract.

Recent Growth and Expansion

• Acquired MaxHealth on Feb. 13, 2026, for approximately $908 million to expand primary care services for adults and senior patients in Florida.
• Initiated a multiyear transformation program to re-align the cost structure, operating model, and technology footprint with changing market conditions.
• Grew individual Medicare Advantage membership to approximately 6.5 million members by June 30, 2026, representing a 23.4% increase from the previous year.
• Expanded the CenterWell platform to serve a larger payor-agnostic client base, which includes patients who are not members of Humana insurance plans.

What Makes the Business Unique

Humana utilizes an integrated care delivery model that combines health insurance with its own primary care physicians and home health services. This structure allows the company to use data analytics and high member engagement to improve health outcomes and manage costs for the individuals it serves.

Key Financial Results

• Total revenues reached $80.5 billion for the six-month period ended June 30, 2026, up 24.8% year over year.
• Net income was $1.9 billion for the six months ended June 30, 2026, up 5.2% year over year.
• The consolidated benefit ratio, which measures benefits expense as a percentage of premiums, was 90.2% for the six-month period ended June 30, 2026.
• Cash and cash equivalents increased to $6.9 billion as of June 30, 2026, from $4.2 billion at the end of 2025.

The Bottom Line

Humana has evolved from a traditional insurance provider into an integrated healthcare enterprise that manages both medical coverage and clinical care. Its focus on the Medicare and Medicaid markets, combined with its growing network of primary care centers, supports its strategy for long-term growth in the healthcare sector.