Humana's profit grows to $689M in Q3

Humana saw its revenues and profits increase in the third quarter of fiscal year 2019 thanks in part to continued growth in its Medicare Advantage business.

Humana posted third-quarter revenues of $16.2 billion in 2019, up 14.3 percent year over year from $14.2 billion. Revenue gains included growth in the insurer's Medicare Advantage membership, which grew 17 percent to $14.1 billion in the third quarter of this year.

At the same time, Humana's expenses grew 16.1 percent to $15.4 billion, up year over year from $13.2 billion. After including nonoperating results, the insurer ended the third quarter of 2019 with net income of $689 million, up 7 percent from $644 million posted in the same quarter of 2018.

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