Humana (HUM) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 11, 2026 astatine 8:30 AM CST 48 min read

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Wednesday, February 11, 2026 astatine 8 a.m. ET

• President & Chief Executive Officer — James Rechtin

• Chief Financial Officer — Celeste Mellet

• President of Enterprise Growth — David Dintenfass

• President of Medicare Advantage — Aaron Martin

• President of Insurance and Enterprise Solutions — George Renaudin

• Vice President, Investor Relations — Lisa Stoner

James Rechtin, Humana's President and Chief Executive Officer, and Chief Financial Officer, Celeste Mellet. Before we statesman our discussion, I request to counsel telephone participants of our cautionary statement. Certain of the matters discussed successful this league telephone are forward-looking and impact a fig of risks and uncertainties. Actual results could disagree materially. Investors are advised to work the elaborate hazard factors discussed successful our latest Form 10-Ks, our different filings with the Securities and Exchange Commission, and our 4th fourth 2025 net property merchandise arsenic they subordinate to forward-looking statements on with different risks discussed successful our SEC filings.

We undertake nary work to publically code oregon update immoderate forward-looking statements successful aboriginal filings oregon communications regarding our concern oregon results. Today's property release, our humanities fiscal quality releases, and our filings with the SEC are each besides disposable connected our Investor Relations site. All participants should enactment that today's treatment includes fiscal measures that are not successful accordance with mostly accepted accounting principles oregon GAAP. Manager's mentation for the usage of these non-GAAP measures reconciliations of GAAP to non-GAAP fiscal measures are included successful today's property release. Any references to net per stock oregon EPS made during this league telephone notation to diluted net per communal share. Finally, the telephone is being recorded for replay purposes.

The replay volition beryllium disposable connected the Investor Relations leafage of Humana's website, humana.com, aboriginal today. With that, I volition crook the telephone implicit to James Rechtin.

James Rechtin: Thank you, Lisa, and bully morning, everyone. Thank you for joining us. Let maine deed the headlines. We are pleased with our coagulated 2025 performance. We proceed to consciousness bully astir our rank growth. We stay committed to a consumer-centric strategy that is responsive to what our patients and members privation and need. And we besides admit that to bash that, we indispensable present a unchangeable and compelling margin. That requires regularly adapting to our backing environment. We volition proceed to bash this to accommodate to our backing situation to guarantee that we enactment connected way with unlocking the net imaginable of the concern by 2028 arsenic we laid retired astatine our 2025 Investor Day.