Humana Reports Q3 Adjusted Benefits Expense Ratio Of 89.8% Versus 86.4% A Year Ago
Portfolio Pulse from Benzinga Newsdesk
Humana reported a Q3 adjusted benefits expense ratio of 89.8%, up from 86.4% a year ago, indicating increased costs relative to revenue.
October 30, 2024 | 10:32 am
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Humana's Q3 adjusted benefits expense ratio increased to 89.8% from 86.4% a year ago, suggesting rising costs and potential pressure on profitability.
The increase in the benefits expense ratio suggests that Humana is experiencing higher costs relative to its revenue, which could negatively impact profitability. This is likely to put short-term pressure on the stock price as investors react to the increased expense ratio.
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