Humana nearly doubles Q3 profit

Humana saw big profit gains in the third quarter, as the insurer continued to see less utilization due to the COVID-19 pandemic. 

Humana recorded revenue of $20.1 billion in the third quarter of this year, up 23.6 percent year over year. Expenses increased slower at 18.7 percent year over year.

Humana said Nov. 3 that utilization among its members is continuing to increase, but is still at about 95 percent of historical levels.

Humana ended the quarter with a $1.3 billion profit, nearly double the $689 million the insurer recorded in the same quarter a year prior. 

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