Form 10-Q · Quarterly report
Humana 10-Q, filed Nov 6, 2026
- Filed
- CIK
- 0000049071
- Accession no.
- 0000049071-26-000066
Summary
Humana reported third-quarter 2026 net income attributable to the company of $162 million, or $1.33 per diluted share, down from $195 million, or $1.62 per diluted share, a year earlier, while nine-month net income was about $2.0 billion in both 2026 and 2025. In October 2026 Humana's CenterWell unit formed a joint venture with funds managed by HPS Investment Partners, part of BlackRock, which majority-owns the primary care strategic partnership and replaced its joint ventures with Welsh, Carson, Anderson & Stowe; BlackRock bought WCAS's equity for roughly $2.8 billion.
Key points
- BlackRock acquired WCAS's equity ownership in the primary care joint venture for approximately $2.8 billion, with the call period extended to begin in 2028 and the put option removed.
- Humana acquired Florida-based primary care platform MaxHealth on February 13, 2026 for about $908 million in cash, net of cash acquired.
- Humana recorded $25 million and $179 million of charges in the three and nine months ended September 30, 2026 for value creation and cost-savings initiatives, primarily severance, asset impairments and consulting.
- About 4,123,700 individual Medicare Advantage members, or 64%, were in value-based relationships at September 30, 2026, compared with 3,553,000, or 68%, a year earlier.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Executive Overview General Humana Inc., headquartered in Louisville, Kentucky, is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Our industry relies on two key statistics to measure performance. …
An excerpt of the text as filed with the SEC, cut for length.
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