Humana Publishes Q3 2026 Earnings Call Transcript
Bitget2026/11/09 04:15- Humana raised its 2026 adjusted earnings outlook to at least $9.50 per share from at least $9, supported by favorable costs.
- CEO James A. Rechtin, CFO Celeste Mellet and investor relations chief Lisa Stoner attended the November 6 third-quarter earnings call with analysts.
- Management expects membership growth in 2027, with pricing driving material individual Medicare Advantage margin improvement despite continued Star Ratings pressure.
- Medical cost trends are projected at 8%–9% next year, versus 7%–8% this year, reflecting higher prescription drug costs.
- Exceptional Star Ratings should provide a one-time 2028 earnings benefit above targets, partly funding investments, with some flowing through to shareholders.
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