Humana Inc. (NYSE:HUM) Files An 8-K Results of Operations and Financial ConditionItem 2.02
| Item 2.02 | Regulation FD Disclosure. |
Humana Inc. (the “Company”) issued a press release this morning reporting financial results for the quarter ended September30, 2017, and posted a detailed earnings release related to the same period to the Investor Relations portion of the Company’s website at www.humana.com. A copy of each release is attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and each release is incorporated herein by reference.
The Company also issued a press release on November6, 2017, announcing that it had reached a definitive agreement to sell the stock of its wholly-owned subsidiary, KMG America Corporation (KMG), to Continental General Insurance Company (CGIC), a Texas-based insurance company wholly-owned by HC2 Holdings, Inc., a diversified holding company. KMG’s subsidiary, Kanawha Insurance Company (KIC), includes Humana’s closed block of non-strategic commercial long-term care insurance policies that serves approximately 30,100 policyholders. Humana recognizes that the acquisition of this business by a company like CGIC will benefit policyholders because of its significant experience with and concentrated focus on the commercial long-term care insurance market. CGIC currently provides long-term care, life and annuity coverage to approximately 93,000 members. A copy of the release is attached hereto as Exhibit 99.3, and is incorporated herein by reference.
| Item 2.02 | Financial Statements and Exhibits. |
HUMANA INC ExhibitEX-99.1 2 d487041dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 n e w s r e l e a s e Humana Inc. 500 West Main Street P.O. Box 1438 Louisville,…To view the full exhibit click here
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.
