Humana saw big profit gains in the third quarter, as the insurer continued to see less utilization due to the COVID-19 pandemic.
Humana recorded revenue of $20.1 billion in the third quarter of this year, up 23.6 percent year over year. Expenses increased slower at 18.7 percent year over year.
Humana said Nov. 3 that utilization among its members is continuing to increase, but is still at about 95 percent of historical levels.
Humana ended the quarter with a $1.3 billion profit, nearly double the $689 million the insurer recorded in the same quarter a year prior.