The health insurer’s pretax income was up 67 percent in the fourth quarter of fiscal 2014, increasing to $324 million.
Humana’s adjusted pretax income of$2.21 billion for the full FY 2014 was a 2 percent increase over its pretax income for FY 2013.
For the fourth quarter of FY 2014, Humana posted diluted earnings per common share of 94 cents, compared to a loss of 19 cents per share for the fourth quarter of 2013.
The company projects earnings per share for the year ending Dec. 31, 2015 will be in the range of $8.50 to $9, saying it anticipates strong growth and operating efficiencies in its Medicare offerings and year-over-year improvement in the healthcare services business, among other things.
More articles on healthcare finance:
West Penn Allegheny Health System narrows losses in 2014
Gilead’s profit surges to $3.5B
10 states that received the most PPACA funding in 2014
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.