Humana Inc. · NYSE:HUM

Humana — Q4 2019 Earnings Presentation

4 slides from Humana's earnings presentation, Feb 5, 2020

Slide 1: Cautionary Statement
Cautionary Statement This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in investor presentations, press releases, Securities and Exchange Commission (SEC) filings, and in oral statements made by or with the app
Slide 2: Non-GAAP Financial Measures
Non-GAAP Financial Measures This slide presentation includes financial measures which are not in accordance with Generally Accepted Accounting Principles (GAAP). Humana has included these non-GAAP financial measures since management believes these measures, when presented in conjunction with the com
Slide 3: Diluted EPS – 2019 Adjusted EPS to 2020E Adjusted EPS
Diluted Earnings per Common Share (EPS) – 2019 Adjusted EPS to 2020E Adjusted EPS HCS Group & 2 Specialty Retail 3 Retail 2 Share Outperformance 2 Other/ Repurchases 4 5 Invested in 2020 Corporate MA Benefits 1 Non- ~ Deductible Health Insurance Fee – Tax Impact 2019 2020E Adjusted EPS Adjusted EPS
Slide 4: Reconciliations of GAAP to non-GAAP financial measures
Reconciliations of GAAP to non-GAAP financial measures Diluted earnings per common share (EPS) 2019 2020E Generally Accepted Accounting Principles (GAAP) $20.10 $17.76 to $18.26 Adjustments (described below) (2.23) ~0.49 Adjusted (non-GAAP) $17.87 $18.25 – $18.75 2019 Adjusted results exclude the fo