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Humana Boosts Full Year EPS Guidance

September 1, 2020

Humana Inc. said it is boosting its guidance for full year earnings per share.

The provider of health insurance services said in a Securities and Exchange Commission filing that it intends to revise its GAAP earnings per share guidance for the year to between $23.74 and $24.24, from the previous range of $17.36 to $17.86. The company said this reflects the current impact of the change in the fair market value of publicly-traded equity securities, as well as the receipt of payments associated with the commercial risk corridor receivables previously written off.

Humana said in the filing that its senior management is scheduled to meet with investors during September. During the meetings the company intends to revise the EPS guidance, while continuing to acknowledge the inherent uncertainty surrounding the ongoing coronavirus crisis and reiterating that it has withdrawn its additional detailed financial guidance given the likelihood of significant variability of results by financial statement line item.

Humana said it intends to affirm its expectation of $18.25 to $18.75 in adjusted EPS for fiscal 2020, reflecting certain measures taken to date and expected to be taken during the rest of the year.

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