Humana falls on dismal 2024 profit forecast

Humana AB

25/01/2024 11:54

** Shares of health insurer Humana  HUM.N  fall 16.8% to
$335 premarket
   ** Co sees adj. profit of about $16 per share for 2024, much
lower than analysts' expectations of $29.10 per share, according
to LSEG data
   ** Co reports Q4 medical benefit ratio of 90.7%, higher than
estimates of 89.72%
       ** The ratio refers to the percentage of premiums spent
by an insurer for claims on medical care
   ** As of the last close, HUM shares have fallen ~20% in the
last 12 months

 (Reporting by Sriparna Roy and Christy Santhosh in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))