Medicare Advantage Plans Earning Season – Humana
Humana (NYSE: HUM), the 6th largest U.S. insurer by market capitalization, announced today 4th quarter profits rose 34% on the strength of its Medicare Advantage plans, however shares fell after the company did not raise its 2006 outlook and missed revenue expectations.
In the 4th quarter enrollment in Humana’s Medicare Advantage plans rose 48% to 557,000 members. Membership growth and higher premiums drove the increase in revenue up 54% to $1.22 billion.
Cigna, Aetna and Coventry Health are scheduled to report quarterly results this week, rounding the earning season for plans.
