INN Blog

More Posts

Be a happy psycho!

 

Humana Posts Lower 4Q Net Income

Associated Press

LOUISVILLE, Ky. -- Humana Inc. says its fourth-quarter net income fell 3.5 percent as the health insurer paid out more in claims that offset continued growth in its lucrative Medicare Advantage membership.

The company, based in Louisville, Ky., stuck with its 2013 earnings projection of between $7.60 and $7.80 per share.

Humana's fourth-quarter earnings were dragged by a higher percentage of premium dollars from its members that went to pay for medical claims in its key retail segment.

Humana reported net income of $192 million, or $1.19 per share, in the fourth quarter. That's down from $199 million, or $1.20 per share, a year ago. Analysts polled by FactSet expected earnings of $1.07 per share.

Revenue rose to nearly $9.6 billion from nearly $9.1 billion a year ago.

Copyright: (c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wordcount: 128


USER COMMENTS:

comments powered by Disqus

  More Life Insurance News

More Life Insurance News >>
  Most Popular Life Insurance News

More Popular Life Insurance News >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Introducing Term 25 for the