Humana net worth has become a point of interest in 2024, especially for those curious about its financial performance. At $28.44 billion, Humana ranks as a significant player in the healthcare industry.
Let’s dive into what drives this revenue and explore the company’s core business strategies. At Ando Money, our goal is to bring you clear, accurate, and insightful financial analysis.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Humana Inc. |
| Full Name | Humana Inc. |
| Website | www.humana.com |
| Industry | Managed Health Care |
| Traded as | NYSE: HUM |
| ISIN | US4448591028 |
| Founded | 1961 |
| Founders | David A. Jones Sr., Wendell Cherry |
| Country/Territory | United States |
| Headquarters | Louisville, Kentucky, USA |
| Chief Executive Officer | Bruce D. Broussard |
| Number of Employees | 67,000 |
| Market Cap | $28.44 billion |
| Total Assets | $51.29 billion |
| Total Equity | N/A |
| Revenue | $92.87 billion |
| Net Income | $2.77 billion |
What is the Net Worth/Market Cap Of Humana in 2024?
As of October 2024, Humana has a market cap of $28.44 billion. This places it as a leader in the healthcare sector, though it faces strong competition from other giants.
For comparison, here’s a list of some of Humana’s competitors and partners in the same industry:
- UnitedHealth Group
- Anthem
- Aetna
- Cigna
- Centers for Medicare and Medicaid Services (CMS)
- TRICARE
- Kindred at Home
- Clayton, Dubilier & Rice
For more insights into how Humana ranks among the most valuable companies, you can explore our analysis of the wealthiest companies.
Humana Financial Performance Overview
Major Contributions from Healthcare Plans
Humana’s financial performance is heavily driven by its Medicare Advantage enrollments.
The company serves 5.5 million members, with 61% of them enrolled in plans rated 4.5 stars or higher by Centers for Medicare and Medicaid Services.
This focus on Medicare Advantage has significantly boosted revenue, making it a core driver in Humana’s financial success.
Revenue from Partnerships and Government Contracts
Humana’s partnership with TRICARE and its involvement in the Medicare Advantage program have been vital.
These contracts have not only expanded Humana’s member base but also provided reliable streams of revenue.
In 2024, the company’s involvement with TRICARE extended to more contracts in the East Region, which contributes greatly to overall performance.
Impact of Acquisitions and Divestitures on Company Earnings
Over recent years, Humana has made strategic moves to both acquire and divest assets, directly impacting its earnings.
A key acquisition, CenterWell, has strengthened Humana’s position in healthcare services.
On the other hand, the sale of Kindred at Home provided a significant one-time financial boost, further improving net income in 2022 and 2023.
The Role of Value Creation Initiatives in Financial Performance
Humana’s internal initiatives, designed to drive value and productivity, have been vital in reducing costs.
These efforts include operational efficiency improvements and cost-saving programs.
The company has consistently reported cost reductions that directly contribute to their $92.87 billion in revenue, as seen in their earnings reports.
Influence of Market Conditions on Financial Outcomes
Humana’s financial success is also shaped by external market conditions.
The U.S. healthcare landscape has seen shifts due to rising inflation, changing regulations, and economic conditions, all of which affect Humana’s revenue streams.
However, by adapting to these shifts, Humana remains resilient, maintaining strong financial performance through its healthcare services and insurance plans.
Financial Projections and Long-term Growth Plans
Looking forward, Humana’s focus on technology, customer service, and expanding healthcare offerings paints a promising picture for future growth.
The company’s guidance for 2024 emphasizes continued growth through investment in digital healthcare and expanding CenterWell services, aiming to further solidify its role as a key player in the healthcare industry.
FAQs about Humana
What services does Humana provide?
Humana offers a range of health insurance services, including Medicare Advantage, Medicaid, and healthcare solutions through CenterWell.
How many employees does Humana have?
It has 67,000 employees as of 2023, playing a crucial role in managing its expansive healthcare services across the U.S.
Who is the CEO of Humana?
Humana’s CEO is Bruce D. Broussard, who has led the company through significant expansions and strategic acquisitions.
Where is Humana headquartered?
It is headquartered in Louisville, Kentucky, with a major presence across the U.S.
What are Humana’s main revenue streams?
Its revenue primarily comes from its Medicare Advantage plans, TRICARE contracts, and healthcare services through CenterWell.
Conclusion
As we’ve explored, Humana’s financial performance in 2024 reflects strategic planning and strong partnerships.
If you’re curious to learn more, feel free to share your thoughts in the comments or check out more articles at Ando Money.
