Earnings release
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news release FOR MORE INFORMATION CONTACT : Lisa Stoner Humana Investor Relations ( 502 ) 580-2652 e - mail : LStamper@humana.com Mark Taylor Humana Corporate Communications ( 317 ) 753-0345 e - mail : MTaylor108@humana.com ● ● Humana Reports Third Quarter 2021 Financial Results ; Revises Full Year 2021 EPS Financial Guidance Reports 3Q21 earnings per diluted common share of $ 11.84 on a GAAP basis , $ 4.83 on an Adjusted basis ; reports YTD 2021 EPS of $ 22.77 on a GAAP basis , $ 19.40 on an Adjusted basis Revises FY 2021 EPS guidance to approximately $ 23.67 on a GAAP basis , or approximately $ 20.50 on an Adjusted basis , to reflect a net COVID headwind , while confirming $ 21.50 as the baseline for 2022 Adjusted EPS growth Achieves 97 percent , or 4.8 million of the company's Medicare Advantage members currently enrolled in 4 - Star and above contracts for 2022 , including over 2 million members in 4.5 Star and 5 - Star contracts Updates FY 2021 expected individual Medicare Advantage membership growth to 450,000 members , reflecting year - over year growth of 11 percent Consolidated income before income taxes and equity in net earnings ( pretax income ) In millions LOUISVILLE , KY ( November 3 , 2021 ) - Humana Inc. ( NYSE : HUM ) today reported consolidated pretax income and diluted earnings per common share for the quarter ended September 30 , 2021 ( 3Q21 ) versus the quarter ended September 30 , 2020 ( 3Q20 ) and for the nine months ended September 30 , 2021 ( YTD 2021 ) versus the nine months ended September 30 , 2020 ( YTD 2020 ) as noted in the tables below . Generally Accepted Accounting Principles ( GAAP ) Amortization associated with identifiable intangibles Gain on Kindred at Home equity method investment Put / call valuation adjustments associated with company's non - consolidating minority interest investments Transaction and integration costs associated with Kindred at Home acquisition Change in fair market value of publicly - traded equity securities Receipt of commercial risk corridor receivables previously written off , net Adjusted ( non - GAAP ) Humana 3Q21 ( a ) $ 1,636 17 ( 1,129 ) 33 Humana Inc. 500 West Main Street P.O. Box 1438 Louisville , KY 40202 http://www.humana.com 71 174 $ 802 3Q20 ( b ) $ 1,755 23 ( 7 ) ( 643 ) ( 578 ) $ 550 YTD 2021 ( c ) $ 3,414 47 ( 1,129 ) 567 93 197 $ 3,189 YTD 2020 ( d ) $ 5,058 66 63 ( 643 ) ( 578 ) $ 3,966