Humana 3Q Profit Rises 30%

FOXBusiness

Third-quarter profit at health-insurance company Humana (NYSE:HUM) rose 30% as revenue rose on increased enrollment. The company’s largest segment of government accounts experienced a 17% jump in earnings with a 1.4% increase in membership over the previous year.

Humana’s profit totaled $393.2 million, or $2.32 per share, up from $301.5 million or $1.78 per share in the year prior. Revenue was up to $8.42 billion or 9.2%. Thomson Reuters analysts polled had projected earnings of $1.66 and $8.46 billion in revenue.

Continue Reading Below

Moving forward, the company raised its 2010 target from $5.55 to $5.65 per share to $6.40 to $6.50 per share due to expectations for an extension of the “Tricare” health plan contract with the Defense Department.

What do you think?

Click the button below to comment on this article.