Humana (HUM) Q3 Results - Q3 Top Health Insurance Company Earnings Report

 

View Humana's (HUM) Q3 Earnings Report

 

Highlights:

  • Humana reported total revenues of $7.7 billion in the third quarter of 2009, up 8 percent from $7.14 billion last year at this time.
  • Net earnings per share for Q3 2009 were up $.69 per share from Q3 2008 to $1.78 per share, a 63 percent jump.
  • Overall net income totaled $301.5 million for Q3 2009, compared with $183 million last year at this time, an increase of nearly 65 percent.
  • According to the Wall Street Journal, Humana's increased earnings were due mainly to demand for Medicare Advantage products. Regardless, Humana expects its 2010 earnings to be between $5.05 and $5.25 per share, a decrease from this year's goal of $6.15 per share; cuts to Medicare reimbursements are expected to play a significant role.

Check out Humana's current earnings estimates from CNN Money

Humana's website: www.humana.com

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