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BRIEF-Humana CEO Says Beginning In 2023, Will Realign Company Into 2 Distinct Units

BRIEF-Humana CEO Says Beginning In 2023, Will Realign Company Into 2 Distinct Units

Reuters · 07/27/2022 12:05
BRIEF-Humana CEO Says Beginning In 2023, Will Realign Company Into 2 Distinct Units

- Humana Inc HUM:

  • HUMANA CEO SAYS BEGINNING IN 2023, WILL REALIGN COMPANY INTO 2 DISTINCT UNITS - INSURANCE SERVICES AND CENTERWELL - CONF CALL

  • HUMANA CEO SAYS INSURANCE SERVICES WILL BE MADE UP OF BUSINESSES THAT CURRENTLY SIT IN RETAIL AND GROUP AND SPECIALTY SEGMENTS

  • HUMANA CEO SAYS CENTERWELL WILL REPRESENT THE CURRENT HEALTHCARE SERVICE SEGMENT

  • HUMANA CEO SAYS LAUNCHED AN EXTERNAL SEARCH FOR A PRESIDENT OF INSURANCE AND ENTERPRISE SERVICES

  • HUMANA CFO SAYS EXPECT Q3 EARNINGS TO BE APPROXIMATLEY 25% OF OUR FY ESTIMATES

  • HUMANA CFO - "WITH RESPECT TO COVID, WE'VE SEEN UPTICK IN CASES IN RECENT WEEKS, BUT HOSPITALIZATION RATES REMAIN LOWER THAN WE'VE SEEN IN PREVIOUS SURGES"

  • HUMANA CFO SAYS WHILE GROUP MEDICARE INPATIENT COSTS ARE CONSISTENT WITH EXPECTATIONS YTD, NON-INPATIENT COSTS HAVE BEEN HIGHER IN RECENT MONTHS

  • HUMANA SAYS LOWER INPATIENT UTILIZATION IN QUARTER WAS ALSO DRIVEN IN PART BY WEAK FLU SEASON


Further company coverage: HUM


((Reuters.Briefs@thomsonreuters.com;))