Humana stock falls after warning that insurance costs are at high end of expectations

Shares of Humana Inc. HUM fell 0.6% in premarket trading Friday, after the health insurer provided a somewhat downbeat outlook for benefit expense ratios. The company affirmed its 2023 guidance for adjusted earnings per share of “at least” $28.25, while the current FactSet EPS consensus is $28.32. Humana said it now expects its benefit expense ratio for its insurance segment to be at the top end of the previously provided guidance range of 86.3% to 87.3%.

The company affirmed its 2023 guidance for adjusted earnings per share of “at least” $28.25, while the current FactSet EPS consensus is $28.32. Humana said it now expects its benefit expense ratio for its insurance segment to be at the top end of the previously provided guidance range of 86.3% to 87.3%. For insurers, a higher expense ratio means a higher costs to provide insurance.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Delta Air Lines stock gains, on track to stretch its record win streak to 16 daysShares of Delta Air Lines Inc. edged up 0.2% in premarket trading Friday, giving them a good shot at stretching their record win streak to 16 sessions, amid...
Source: MarketWatch - 🏆 3. / 97 Read more »

Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costsShares of UnitedHealth, Humana, Elevance Health and CVS Health all declined, while medical device manufacturers and hospital operators edged higher.
Source: CNBC - 🏆 12. / 72 Read more »