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Humana Inc. (NYSE: HUM) on Wednesday reported results for the fourth quarter of 2022. Adjusted profit increased from last year, helped by a 7% growth in profits.
On an unadjusted basis, the company reported a net loss of $15 million or $0.12 per share for the December quarter, compared to a loss of $14 million or $0.11 per share a year ago. Excluding special items, it posted net income of $1.62 per share for the three months, up 31% year over year.
Total revenue increased 7% to $22.4 billion in the fourth quarter. Management expects 2023 earnings of at least $27.57 per share on an unadjusted basis, and about $28.00 per share on an adjusted basis
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