EX-99 2 humform8-k04172017ex99.htm HUMANA INC. FORM 8-K 04-17-2017 EX99 humform8-k04172017ex99.htm

500 West Main Street
P.O. Box 1438
Louisville, KY  40202
http://www.humana.com
news release
 
For More Information Contact:
Regina Nethery
Humana Investor Relations
(502) 580-3644
E-mail:  Rnethery@humana.com

Tom Noland
Humana Corporate Communications
(502) 580-3674
E-mail:  Tnoland@humana.com


 

Humana to Release Detailed First Quarter 2017 Results May 3, 2017; Announces Financial Reporting Segments Realignment
LOUISVILLE, KY – April 17, 2017 – Humana Inc. (NYSE: HUM) announced today that it will release its detailed first quarter 2017 (1Q 2017) financial results on Wednesday, May 3, 2017 at 6:30 a.m. eastern time.  The company will host a conference call and webcast at 9:00 a.m. eastern time that morning to discuss its financial results for the quarter and its 2017 earnings guidance.  The company plans to pre-release earnings per diluted common share for 1Q17 as well as discuss certain components of its earnings guidance for 2017 in conjunction with its Investor Day scheduled for April 25, 2017.  Logistical details associated with Humana’s 1Q 2017 earnings call are included below.

The company also announced today that it has realigned certain of its businesses for its financial reporting segments to correspond with internal management reporting changes and the company’s previously announced planned exit from the individual commercial medical business (Individual Commercial) on January 1, 2018.  Additionally, the company renamed its Group segment the Group and Specialty segment. The company’s segments now include Retail, Group and Specialty, Healthcare Services, and Individual Commercial.

The more significant realignment included presenting the Individual Commercial business results as a separate segment.  These results were previously included in the Retail segment results.   Specialty health insurance benefits, including dental, vision, other supplement health, and financial protection products, marketed to both individuals and employer groups will now be included in the Group and Specialty segment.  Specialty health insurance benefits marketed to individuals were previously included in the Retail segment results.  Additionally, the company’s Go365 wellness business (previously known as HumanaVitality) is now included in the company’s Healthcare Services segment versus its previous inclusion in the Group and Specialty segment.

Recast historical segment financials for the 2016 quarters and full year, as well as the corresponding recast segment membership totals, are included with this press release.  Descriptions of the company’s segments have been updated to reflect these changes and are noted below.

·  
Retail segment – This segment consists of Medicare benefits, marketed to individuals directly or via group Medicare accounts, as well as state-based contracts.  State-based contracts include those with various states to provide Medicaid, dual eligible, and Long-Term Support Services benefits.  In addition, this segment also includes the company’s contract with the Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program.
·  
Group and Specialty segment – This segment consists of employer group fully-insured commercial medical products, and specialty health insurance benefits marketed to individuals and groups, including dental, vision, and other supplemental health and voluntary insurance benefits.  In addition, the segment also includes the company’s administrative services only products and its military services businesses, primarily the TRICARE South Region contract.
·  
Healthcare Services segment – This segment includes services offered to the company’s health plan members as well as to third parties, including pharmacy solutions, provider services, and clinical programs, such as home health and other services and capabilities to promote wellness and advance population health.
·  
Individual Commercial segment – This segment consists of Individual Commercial products marketed under the HumanaOne brand.  For 2017, the company offers on-exchange products, as well as certain grandfathered policies issued prior to the enactment of the Health Care Reform Law.  Off-exchange products were also offered in 2016.

1Q 2017 Earnings Call Details
All parties interested in the audio only portion of the company’s 1Q 2017 earnings conference call are invited to dial 888-625-7430. No password is required. The webcast of the 1Q 2017 earnings call may be accessed via Humana’s Investor Relations page at humana.com.  The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.

For those unable to participate in the live event, the archive will be available in the Historical Webcasts and Presentations section of the Investor Relations page at humana.com, approximately two hours following the live webcast.  Telephone replays will also be available approximately two hours following the live event until midnight eastern time on July 3, 2017 and can be accessed by dialing 855-859-2056 and providing the conference ID #89800684.

The company’s 1Q 2017 earnings news release is expected to include financial measures that are not in accordance with Generally Accepted Accounting Principles (GAAP).  A reconciliation of non-GAAP financial measures to financial results under GAAP, as well as management’s reasons for including non-GAAP financial measures, will be included in the company’s 1Q 2017 earnings news release, a copy of which will be available on the Investor Relations page of humana.com on May 3, 2017.
 
About Humana
 
Humana Inc., headquartered in Louisville, Ky., is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. The company’s strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at humana.com, including copies of:
·  
Annual reports to stockholders
·  
Securities and Exchange Commission filings
·  
Most recent investor conference presentations
·  
Quarterly earnings news releases
·  
Calendar of events
·  
   Corporate Governance information

 
 
 
Humana Inc.
Segment Realignment Supplementary Information


Contents

Page                                Description
   6                                1Q16 Segment Financial Information (Recast)
   7                                2Q16 Segment Financial Information (Recast)
   8                                3Q16 Segment Financial Information (Recast)
   9                                4Q16 Segment Financial Information (Recast)
  10                                FY 2016 Segment Financial Information (Recast)
  11                                2016 Membership Detail by Quarter (Recast)
 
 
 
 
 

Humana Inc.
                                        
Q1 2016 Segment Financial Information (Recast)
                                    
in millions
                                        
                                         
                                         
       
Group and
  
Healthcare
    
Individual
  
Other
  
Eliminations/
      
 
Retail
  
Specialty
  
Services
    
Commercial
  
Businesses
  
Corporate
  
Consolidated
                                         
Q1 2016
                                        
Revenues - external customers
                                        
  Premiums:
                                        
     Individual Medicare Advantage
$
                   8,027
  
$
                     -
  
$
                     -
  
$
                     -
  
$
                        -
  
$
                   -
  
$
                 8,027
     Group Medicare Advantage
  
                   1,077
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,077
     Medicare stand-alone PDP
  
                   1,039
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,039
          Total Medicare
  
                 10,143
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
               10,143
     Fully-insured
  
                      104
    
              1,337
    
                     -
    
                  893
    
                        -
    
                   -
    
                 2,334
     Specialty
  
                          -
    
                 318
    
                     -
    
                     -
    
                        -
    
                   -
    
                     318
     Medicaid and other
  
                      630
    
                      5
    
                     -
    
                     -
    
                       10
    
                   -
    
                     645
          Total premiums
  
                 10,877
    
              1,660
    
                     -
    
                  893
    
                       10
    
                   -
    
               13,440
  Services revenue:
                                        
     Provider
  
                          -
    
                     -
    
                    71
    
                     -
    
                        -
    
                   -
    
                       71
     ASO and other
  
                           1
    
                 177
    
                      1
    
                     -
    
                         3
    
                   -
    
                     182
     Pharmacy
  
                          -
    
                     -
    
                      7
    
                     -
    
                        -
    
                   -
    
                         7
          Total services revenue
  
                           1
    
                 177
    
                    79
    
                     -
    
                         3
    
                   -
    
                     260
Total revenues - external customers
  
                 10,878
    
              1,837
    
                    79
    
                  893
    
                       13
    
                   -
    
               13,700
Intersegment revenues
                                        
  Services
  
                          -
    
                      6
    
              4,784
    
                     -
    
                        -
    
           (4,790)
    
                        -
  Products
  
                          -
    
                     -
    
              1,360
    
                     -
    
                        -
    
           (1,360)
    
                        -
Total intersegment revenues
  
                          -
    
                      6
    
              6,144
    
                     -
    
                        -
    
           (6,150)
    
                        -
Investment income
  
                         24
    
                      6
    
                      7
    
                      2
    
                       15
    
                  46
    
                     100
  Total revenues
  
                 10,902
    
              1,849
    
              6,230
    
                  895
    
                       28
    
           (6,104)
    
               13,800
Operating expenses:
                                        
  Benefits
  
                   9,633
    
              1,222
    
                     -
    
                  729
    
                       25
    
              (212)
    
               11,397
  Operating costs
  
                   1,082
    
                 434
    
              5,942
    
                  169
    
                         4
    
           (5,863)
    
                 1,768
  Depreciation and amortization
  
                         46
    
                    21
    
                    36
    
                      9
    
                        -
    
                (24)
    
                       88
     Total operating expenses
  
                 10,761
    
              1,677
    
              5,978
    
                  907
    
                       29
    
           (6,099)
    
               13,253
Income (loss) from operations
  
                      141
    
                 172
    
                  252
    
                  (12)
    
                       (1)
    
                   (5)
    
                     547
Interest expense
  
                          -
    
                     -
    
                     -
    
                     -
    
                        -
    
                  47
    
                       47
Income (loss) before income taxes
$
                      141
  
$
                 172
  
$
                  252
  
$
                  (12)
  
$
                       (1)
  
$
                (52)
  
$
                     500
                                         
Benefit ratio
  
88.6%
    
73.6%
          
81.6%
                
84.8%
Operating cost ratio
  
9.9%
    
23.5%
    
95.5%
    
18.9%
                
12.9%

 
 
 


Humana Inc.
                                        
Q2 2016 Segment Financial Information (Recast)
                                    
in millions
                                        
                                         
                                         
       
Group and
  
Healthcare
    
Individual
  
Other
  
Eliminations/
      
 
Retail
  
Specialty
  
Services
    
Commercial
  
Businesses
  
Corporate
  
Consolidated
                                         
Q2 2016
                                        
Revenues - external customers
                                        
  Premiums:
                                        
     Individual Medicare Advantage
$
                   8,050
  
$
                     -
  
$
                     -
  
$
                     -
  
$
                        -
  
$
                   -
  
$
                 8,050
     Group Medicare Advantage
  
                   1,085
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,085
     Medicare stand-alone PDP
  
                   1,015
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,015
          Total Medicare
  
                 10,150
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
               10,150
     Fully-insured
  
                      106
    
              1,357
    
                     -
    
              1,024
    
                        -
    
                   -
    
                 2,487
     Specialty
  
                          -
    
                 321
    
                     -
    
                     -
    
                        -
    
                   -
    
                     321
     Medicaid and other
  
                      678
    
                      5
    
                     -
    
                     -
    
                         9
    
                   -
    
                     692
          Total premiums
  
                 10,934
    
              1,683
    
                     -
    
              1,024
    
                         9
    
                   -
    
               13,650
  Services revenue:
                                        
     Provider
  
                          -
    
                     -
    
                    74
    
                     -
    
                        -
    
                   -
    
                       74
     ASO and other
  
                           2
    
                 176
    
                     -
    
                     -
    
                         3
    
                   -
    
                     181
     Pharmacy
  
                          -
    
                     -
    
                      7
    
                     -
    
                        -
    
                   -
    
                         7
          Total services revenue
  
                           2
    
                 176
    
                    81
    
                     -
    
                         3
    
                   -
    
                     262
Total revenues - external customers
  
                 10,936
    
              1,859
    
                    81
    
              1,024
    
                       12
    
                   -
    
               13,912
Intersegment revenues
                                        
  Services
  
                          -
    
                      6
    
              4,767
    
                     -
    
                        -
    
           (4,773)
    
                        -
  Products
  
                          -
    
                     -
    
              1,433
    
                     -
    
                        -
    
           (1,433)
    
                        -
Total intersegment revenues
  
                          -
    
                      6
    
              6,200
    
                     -
    
                        -
    
           (6,206)
    
                        -
Investment income
  
                         22
    
                      6
    
                      7
    
                      1
    
                       16
    
                  43
    
                       95
  Total revenues
  
                 10,958
    
              1,871
    
              6,288
    
              1,025
    
                       28
    
           (6,163)
    
               14,007
Operating expenses:
                                        
  Benefits
  
                   9,327
    
              1,302
    
                     -
    
              1,089
    
                       31
    
              (240)
    
               11,509
  Operating costs
  
                   1,069
    
                 423
    
              5,974
    
                  152
    
                         4
    
           (5,896)
    
                 1,726
  Depreciation and amortization
  
                         48
    
                    22
    
                    35
    
                      9
    
                        -
    
                (25)
    
                       89
     Total operating expenses
  
                 10,444
    
              1,747
    
              6,009
    
              1,250
    
                       35
    
           (6,161)
    
               13,324
Income (loss) from operations
  
                      514
    
                 124
    
                  279
    
                (225)
    
                       (7)
    
                   (2)
    
                     683
Interest expense
  
                          -
    
                     -
    
                     -
    
                     -
    
                        -
    
                  47
    
                       47
Income (loss) before income taxes
$
                      514
  
$
                 124
  
$
                  279
  
$
                (225)
  
$
                       (7)
  
$
                (49)
  
$
                     636
                                         
Benefit ratio
  
85.3%
    
77.4%
          
106.3%
                
84.3%
Operating cost ratio
  
9.8%
    
22.7%
    
95.1%
    
14.8%
                
12.4%


 
 
 

Humana Inc.
                                        
Q3 2016 Segment Financial Information (Recast)
                                    
in millions
                                        
                                         
                                         
       
Group and
  
Healthcare
    
Individual
  
Other
  
Eliminations/
      
 
Retail
  
Specialty
  
Services
    
Commercial
  
Businesses
  
Corporate
  
Consolidated
                                         
Q3 2016
                                        
Revenues - external customers
                                        
  Premiums:
                                        
     Individual Medicare Advantage
$
                   7,977
  
$
                     -
  
$
                     -
  
$
                     -
  
$
                        -
  
$
                   -
  
$
                 7,977
     Group Medicare Advantage
  
                   1,067
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,067
     Medicare stand-alone PDP
  
                   1,004
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,004
          Total Medicare
  
                 10,048
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
               10,048
     Fully-insured
  
                      109
    
              1,350
    
                     -
    
                  882
    
                        -
    
                   -
    
                 2,341
     Specialty
  
                          -
    
                 318
    
                     -
    
                     -
    
                        -
    
                   -
    
                     318
     Medicaid and other
  
                      652
    
                      2
    
                     -
    
                     -
    
                       10
    
                   -
    
                     664
         Total premiums
  
                 10,809
    
              1,670
    
                     -
    
                  882
    
                       10
    
                   -
    
               13,371
  Services revenue:
                                        
     Provider
  
                          -
    
                     -
    
                    69
    
                     -
    
                        -
    
                   -
    
                       69
     ASO and other
  
                           2
    
                 147
    
                     -
    
                     -
    
                         1
    
                   -
    
                     150
     Pharmacy
  
                          -
    
                     -
    
                      8
    
                     -
    
                        -
    
                   -
    
                         8
          Total services revenue
  
                           2
    
                 147
    
                    77
    
                     -
    
                         1
    
                   -
    
                     227
Total revenues - external customers
  
                 10,811
    
              1,817
    
                    77
    
                  882
    
                       11
    
                   -
    
               13,598
Intersegment revenues
                                        
  Services
  
                          -
    
                      5
    
              4,741
    
                     -
    
                        -
    
           (4,746)
    
                        -
  Products
  
                          -
    
                     -
    
              1,580
    
                     -
    
                        -
    
           (1,580)
    
                        -
Total intersegment revenues
  
                          -
    
                      5
    
              6,321
    
                     -
    
                        -
    
           (6,326)
    
                        -
Investment income
  
                         22
    
                      7
    
                      8
    
                     -
    
                       17
    
                  42
    
                       96
  Total revenues
  
                 10,833
    
              1,829
    
              6,406
    
                  882
    
                       28
    
           (6,284)
    
               13,694
Operating expenses:
                                        
  Benefits
  
                   9,031
    
              1,352
    
                     -
    
                  727
    
                       26
    
              (236)
    
               10,900
  Operating costs
  
                   1,143
    
                 421
    
              6,073
    
                  144
    
                         4
    
           (6,026)
    
                 1,759
  Depreciation and amortization
  
                         51
    
                    19
    
                    36
    
                      9
    
                        -
    
                (29)
    
                       86
     Total operating expenses
  
                 10,225
    
              1,792
    
              6,109
    
                  880
    
                       30
    
           (6,291)
    
               12,745
Income (loss) from operations
  
                      608
    
                    37
    
                  297
    
                      2
    
                       (2)
    
                    7
    
                     949
Interest expense
  
                          -
    
                     -
    
                     -
    
                     -
    
                        -
    
                  47
    
                       47
Income (loss) before income taxes
$
                      608
  
$
                    37
  
$
                  297
  
$
                      2
  
$
                       (2)
  
$
                (40)
  
$
                     902
                                         
Benefit ratio
  
83.6%
    
81.0%
          
82.4%
                
81.5%
Operating cost ratio
  
10.6%
    
23.1%
    
94.9%
    
16.3%
                
12.9%


 
 
 

Humana Inc.
                                        
Q4 2016 Segment Financial Information (Recast)
                                    
in millions
                                        
                                         
                                         
       
Group and
  
Healthcare
    
Individual
  
Other
  
Eliminations/
      
 
Retail
  
Specialty
  
Services
    
Commercial
  
Businesses
  
Corporate
  
Consolidated
                                         
Q4 2016
                                        
Revenues - external customers
                                        
  Premiums:
                                        
     Individual Medicare Advantage
$
                   7,809
  
$
                     -
  
$
                     -
  
$
                     -
  
$
                        -
  
$
                   -
  
$
                 7,809
     Group Medicare Advantage
  
                   1,054
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,054
     Medicare stand-alone PDP
  
                      951
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                     951
          Total Medicare
  
                   9,814
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 9,814
     Fully-insured
  
                      109
    
              1,361
    
                     -
    
                  265
    
                        -
    
                   -
    
                 1,735
     Specialty
  
                          -
    
                 322
    
                     -
    
                     -
    
                        -
    
                   -
    
                     322
     Medicaid and other
  
                      680
    
                     -
    
                     -
    
                     -
    
                         9
    
                   -
    
                     689
          Total premiums
  
                 10,603
    
              1,683
    
                     -
    
                  265
    
                         9
    
                   -
    
               12,560
  Services revenue:
                                        
     Provider
  
                          -
    
                     -
    
                    64
    
                     -
    
                        -
    
                   -
    
                       64
     ASO and other
  
                           1
    
                 143
    
                     -
    
                     -
    
                         3
    
                   -
    
                     147
     Pharmacy
  
                          -
    
                     -
    
                      9
    
                     -
    
                        -
    
                   -
    
                         9
         Total services revenue
  
                           1
    
                 143
    
                    73
    
                     -
    
                         3
    
                   -
    
                     220
Total revenues - external customers
  
                 10,604
    
              1,826
    
                    73
    
                  265
    
                       12
    
                   -
    
               12,780
Intersegment revenues
                                        
  Services
  
                          -
    
                      5
    
              4,687
    
                     -
    
                        -
    
           (4,692)
    
                        -
  Products
  
                          -
    
                     -
    
              1,620
    
                     -
    
                        -
    
           (1,620)
    
                        -
Total intersegment revenues
  
                          -
    
                      5
    
              6,307
    
                     -
    
                        -
    
           (6,312)
    
                        -
Investment income
  
                         22
    
                      6
    
                      8
    
                      2
    
                       18
    
                  42
    
                       98
  Total revenues
  
                 10,626
    
              1,837
    
              6,388
    
                  267
    
                       30
    
           (6,270)
    
               12,878
Operating expenses:
                                        
  Benefits
  
                   8,792
    
              1,357
    
                     -
    
                  756
    
                    535
    
              (239)
    
               11,201
  Operating costs
  
                   1,356
    
                 449
    
              6,084
    
                  136
    
                         4
    
           (6,005)
    
                 2,024
  Depreciation and amortization
  
                         51
    
                    20
    
                    36
    
                      9
    
                         1
    
                (26)
    
                       91
     Total operating expenses
  
                 10,199
    
              1,826
    
              6,120
    
                  901
    
                    540
    
           (6,270)
    
               13,316
Income (loss) from operations
  
                      427
    
                    11
    
                  268
    
                (634)
    
                   (510)
    
                   -
    
                   (438)
Interest expense
  
                          -
    
                     -
    
                     -
    
                     -
    
                        -
    
                  48
    
                       48
Income (loss) before income taxes
$
                      427
  
$
                    11
  
$
                  268
  
$
                (634)
  
$
                   (510)
  
$
                (48)
  
$
                   (486)
                                         
Benefit ratio
  
82.9%
    
80.6%
          
285.3%
                
89.2%
Operating cost ratio
  
12.8%
    
24.5%
    
95.4%
    
51.3%
                
15.8%


 
 
 

Humana Inc.
                                        
FY 2016 Segment Financial Information (Recast)
                                    
in millions
                                        
                                         
                                         
       
Group and
  
Healthcare
    
Individual
  
Other
  
Eliminations/
      
 
Retail
  
Specialty
  
Services
    
Commercial
  
Businesses
  
Corporate
  
Consolidated
 
(in millions)
                                    
Full Year 2016
                                        
Revenues - external customers
                                        
  Premiums:
                                        
     Individual Medicare Advantage
$
                 31,863
  
$
                     -
  
$
                     -
  
$
                     -
  
$
                        -
  
$
                   -
  
$
               31,863
     Group Medicare Advantage
  
                   4,283
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 4,283
     Medicare stand-alone PDP
  
                   4,009
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
                 4,009
         Total Medicare
  
                 40,155
    
                     -
    
                     -
    
                     -
    
                        -
    
                   -
    
               40,155
     Fully-insured
  
                      428
    
              5,405
    
                     -
    
              3,064
    
                        -
    
                   -
    
                 8,897
     Specialty
  
                          -
    
              1,279
    
                     -
    
                     -
    
                        -
    
                   -
    
                 1,279
     Medicaid and other
  
                   2,640
    
                    12
    
                     -
    
                     -
    
                       38
    
                   -
    
                 2,690
        Total premiums
  
                 43,223
    
              6,696
    
                     -
    
              3,064
    
                       38
    
                   -
    
               53,021
  Services revenue:
                                        
     Provider
  
                          -
    
                     -
    
                  278
    
                     -
    
                        -
    
                   -
    
                     278
     ASO and other
  
                           6
    
                 643
    
                      1
    
                     -
    
                       10
    
                   -
    
                     660
     Pharmacy
  
                          -
    
                     -
    
                    31
    
                     -
    
                        -
    
                   -
    
                       31
         Total services revenue
  
                           6
    
                 643
    
                  310
    
                     -
    
                       10
    
                   -
    
                     969
Total revenues - external customers
  
                 43,229
    
              7,339
    
                  310
    
              3,064
    
                       48
    
                   -
    
               53,990
Intersegment revenues
                                        
  Services
  
                          -
    
                    22
    
            18,979
    
                     -
    
                        -
    
        (19,001)
    
                        -
  Products
  
                          -
    
                     -
    
              5,993
    
                     -
    
                        -
    
           (5,993)
    
                        -
Total intersegment revenues
  
                          -
    
                    22
    
            24,972
    
                     -
    
                        -
    
        (24,994)
    
                        -
Investment income
  
                         90
    
                    25
    
                    30
    
                      5
    
                       66
    
                173
    
                     389
  Total revenues
  
                 43,319
    
              7,386
    
            25,312
    
              3,069
    
                    114
    
        (24,821)
    
               54,379
Operating expenses:
                                        
  Benefits
  
                 36,783
    
              5,233
    
                     -
    
              3,301
    
                    617
    
              (927)
    
               45,007
  Operating costs
  
                   4,650
    
              1,727
    
            24,073
    
                  601
    
                       16
    
        (23,790)
    
                 7,277
  Depreciation and amortization
  
                      196
    
                    82
    
                  143
    
                    36
    
                         1
    
              (104)
    
                     354
     Total operating expenses
  
                 41,629
    
              7,042
    
            24,216
    
              3,938
    
                    634
    
        (24,821)
    
               52,638
Income (loss) from operations
  
                   1,690
    
                 344
    
              1,096
    
                (869)
    
                   (520)
    
                   -
    
                 1,741
Interest expense
  
                          -
    
                     -
    
                     -
    
                     -
    
                        -
    
                189
    
                     189
Income (loss) before income taxes
$
                   1,690
  
$
                 344
  
$
              1,096
  
$
                (869)
  
$
                   (520)
  
$
              (189)
  
$
                 1,552
                                         
Benefit ratio
  
85.1%
    
78.2%
          
107.7%
                
84.9%
Operating cost ratio
  
10.8%
    
23.5%
    
95.2%
    
19.6%
                
13.5%


 
 
 

Humana Inc.
        
Ending Membership Detail (Recast)
        
In thousands
        
             
     
March 31, 2016
June 30, 2016
September 30, 2016
December 31, 2016
Medical Membership:
        
Retail
          
 
Individual Medicare Advantage
2,807.2
2,816.5
2,831.7
2,837.6
 
Group Medicare Advantage
349.2
351.7
353.9
355.4
 
Medicare stand-alone PDPs
4,834.1
4,856.3
4,913.4
4,951.4
 
Total Medicare
7,990.5
8,024.5
8,099.0
8,144.4
 
State-based Medicaid
388.4
391.6
390.1
388.1
 
Medicare Supplement
209.8
212.3
217.1
218.8
   
Total Retail
8,588.7
8,628.4
8,706.2
8,751.3
             
Group and Specialty
        
 
Fully-insured medical commercial
1,136.4
1,140.1
1,131.5
1,136.0
 
ASO commercial
579.4
578.4
570.3
573.2
 
Military services
3,076.8
3,074.8
3,080.9
3,084.1
   
Total Group and Specialty
4,792.6
4,793.3
4,782.7
4,793.3
             
Individual commercial
875.7
792.0
726.2
654.8
             
Other Businesses
        
 
Long-term care and other
32.2
31.4
31.0
30.8
   
Total Other Businesses
32.2
31.4
31.0
30.8
             
Total Medical Membership
14,289.2
14,245.1
14,246.1
14,230.2
             
             
Specialty Membership:
        
Group and Specialty
        
 
Dental - fully-insured
2,981.4
2,969.6
2,955.4
2,952.4
 
Dental - ASO
703.6
702.4
706.6
702.0
 
Vision
2,129.7
2,134.2
2,125.8
2,136.0
 
Other supplemental benefits
1,230.4
1,196.1
1,167.4
1,170.8
   
Total Group  and Specialty
7,045.1
7,002.3
6,955.2
6,961.2