Humana recorded a net income of $1.2 billion in the first quarter of 2025, up from a net income of $741 million during the same period last year, according to its April 30 financial report.
Total revenue for the three months ended March 31 was $32.1 billion, up from $29.6 billion during the same quarter last year.
Humana reported total operating expenses of $30.1 billion in the first quarter, up from $28.4 billion.
The payer’s medical loss ratio was 87.4% in the first quarter of 2025. The company expects a medical loss ratio between 90.1% and 90.5% for the full year.
Humana’s total medical membership was 14.8 million in the first quarter, down from 16.2 million during the same period last year. Total Medicare Advantage membership stands at nearly 5.8 million.
Humana affirmed an expected individual Medicare Advantage annual membership decline of about 550,000, inclusive of the impact of exiting certain unprofitable plans and counties.
The company also affirmed its year-end adjusted earnings guidance of $16.25 per share.
“Our team has done a great job launching us on a strong start to the year. Medicare Advantage is performing as expected and we are excited about our progress in expanding CenterWell and Medicaid,” Humana President and CEO Jim Rechtin said in an April 30 news release. “We are confident in the growth outlook for value-based care and Medicare Advantage, which will allow us to provide more quality care to a broader group of patients and members.”
