Humana said it anticipates its second quarter results will be offset later this year as demand for healthcare services normalizes and potential future surges of COVID-19 lead to more healthcare use.
Humana’s revenue totaled $19 billion in the most recent quarter, up 17.5 percent year over year. Expenses were up 10 percent year over year, with Humana reporting $16.6 billion in operating expenses for the quarter. The insurer’s operating income more than doubled year over year to $2.4 billion, and Humana ended the second quarter with a $1.8 billion profit, nearly double the $940 million the insurer posted in the same quarter a year before.
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