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Humana (HUM) Tops Q1 EPS by 26c

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May 3, 2017 6:32 AM EDT

Humana (NYSE: HUM) reported Q1 EPS of $2.75, $0.26 better than the analyst estimate of $2.49.

2017 Earnings Guidance

Humana today reaffirmed its recently raised GAAP and Adjusted EPS guidance for the year ending December 31, 2017 (FY17).

A reconciliation of GAAP to Adjusted EPS for the company’s FY17 projections as well as comparable numbers for the year ended December 31, 2016 (FY16) is shown below:

Diluted earnings per common share

FY17Guidance (c)

FY16(d)

GAAP At least $16.91 $4.07

Net (gain) expenses associated with the terminated merger agreement (for FY17, primarily the break-up fee)

 (4.36) 0.64
Amortization of identifiable intangibles 0.31 0.32

Beneficial effect of lower effective tax rate in light of pricing and benefit design assumptions associated with the 2017 temporary suspension of the non-deductible health insurance industry fee; excludes Individual Commercial business impact

 (2.15) -

Reserve strengthening for the company’s non-strategic closed block of long-term care insurance business (e)

 - 2.11

Guaranty fund assessment expense to support the policyholder obligations of Penn Treaty (an unaffiliated long-term care insurance company)

 0.24 -
Operating losses associated with the Individual Commercial business given the company’s exit on January 1, 2018 as previously disclosed 0.15 3.78
Adjusted (non-GAAP) – FY17 projected; FY16 as recast

For earnings history and earnings-related data on Humana (HUM) click here.


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