Humana (HUM) 10-K Summary — Year Ended Dec 31, 2023
Humana Inc. filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, and financial results.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Humana Inc. filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, and financial results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$106.4B
Revenue reported for the fiscal year.
Operating income
$4B
Income from operations reported for the year.
Net income
$2.5B
Net income reported for the year.
Operating cash flow
$4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $83.1B | n/a |
| Dec 31, 2022 | $92.9B | +11.8% |
| Dec 31, 2023 | $106.4B | +14.5% |
Business overview
Humana Inc. operates as a health and well-being company, primarily offering medical and supplemental benefit plans. The business overview section describes its focus on Medicare Advantage, Medicaid, and commercial health insurance products.
Financial performance
Revenue increased compared to the prior year, while operating income and net income were reported at levels consistent with the company's scale. Operating cash flow matched the reported operating income figure.
Material risks
The filing identifies risk factors including potential changes in government healthcare programs, competitive pressures, and regulatory developments. Cybersecurity is also noted as a material risk area.
Liquidity and capital
The filing discusses financial condition and results of operations, but no specific capital allocation themes such as share repurchases or dividends are highlighted in the supplied context.
What to watch
Monitor any updates to government healthcare program regulations that could affect the company's Medicare Advantage business.