Humana profits top $1B as Medicare Advantage costs ease slightly in Q1 2026

Humana reported a first-quarter net income of nearly $1.2 billion in 2026, driven by a slight easing in Medicare Advantage medical costs despite them remaining high. The company’s benefit ratio was 89.4%, slightly better than expected, reflecting ongoing challenges with rising healthcare expenses. Humana added over 1 million Medicare Advantage enrollees this year, boosting revenue to $39.6 billion from $32.1 billion a year ago. While net income dipped slightly from last year, Humana reaffirmed its annual adjusted earnings per share guidance but lowered its reported earnings per share forecast. The strong enrollment growth contrasts with some rivals pulling back from unprofitable counties, highlighting Humana’s solid operational execution and focus on quality care.