Humana Inc. (NYSE:HUM) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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Humana Inc. (NYSE:HUM) Files An 8-K Regulation FD Disclosure

Item7.01

Regulation FD Disclosure

Members of Humana Inc.s senior management team are scheduled to
meet with investors at various times between June7, 2017 and
June30, 2017. During such meetings, Humanas management expects to
reaffirm its guidance of at least $16.91 in diluted earnings per
common share (EPS), or at least $11.10 in adjusted EPS, in each
case for the year ending December31, 2017. This guidance is
consistent with the guidance issued in Humanas press release
dated May3, 2017. The date and time of presentations to investors
are available via the Investor Relations calendar of events on
Humanas web site at www.humana.com.

The Company has included adjusted EPS in this current report, a
financial measure that is not in accordance with GAAP. Management
believes that this measure, when presented in conjunction with
the comparable measure of GAAP EPS, is useful to both management
and its investors in analyzing the Companys ongoing business and
operating performance. Consequently, management uses adjusted EPS
as an indicator of the Companys business performance, as well as
for operational planning and decision making purposes. Adjusted
EPS should be considered in addition to, but not as a substitute
for, or superior to, GAAP EPS. A reconciliation of adjusted EPS
to GAAP EPS follows:

Diluted earnings per common share

FY17Guidance

GAAP

Atleast$ 16.91

Net (gain) expenses associated with the now-terminated
merger transaction (primarily the break-up fee)

(4.36 )

Amortization of identifiable intangibles

0.31

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 )

Estimated 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 companys exit on January1, 2018 as
previously disclosed

0.15

Adjusted (non-GAAP) FY17 projected

Atleast$ 11.10


About Humana Inc. (NYSE:HUM)

Humana Inc. is a health and well-being company. The Company’s segments include Retail, Group, Healthcare Services and Other Businesses. The Retail segment consists of Medicare benefits, marketed to individuals or directly via group accounts, as well as individual commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products. The Group segment consists of employer group commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary insurance benefits, as well as administrative services only products. The Healthcare Services segment includes services, such as pharmacy solutions, provider services, home-based services and clinical programs, as well as services and capabilities to advance population health. The Other Businesses segment includes its closed-block long-term care insurance policies.