LOUISVILLE, Ky. (AP) — Humana Inc. said Monday its first-quarter profit rose 22 percent as the health insurer benefited from enrollment gains in its Medicare offerings and slower growth in health care use in its employer-based insurance plans.
In a sign of its growing diversity, the Louisville-based managed care company also doubled pretax income in its health and well-being services segment in the period.
Humana said its first-quarter earnings benefited by 31 cents per share because claims leftover from previous quarters came in lower than expected. That was down slightly from its benefit a year ago from slower health care use.
The company last week upgraded its full-year earnings forecast to a range of $6.70 to $6.90 per share from $5.95 to $6.15 per share.
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