Humana posts 22 percent 1Q earnings gain

[May 02, 2011]  LOUISVILLE, Ky. (AP) -- Humana Inc. reports that first-quarter profit rose 22 percent as the health insurer posted enrollment gains in its Medicare Advantage and stand-alone Medicare prescription drug plans.

The company posted pretax income gains in its employer group and its health and well-being services segments.

Humana CEO Michael B. McCallister said the earnings growth reflects the company's broader array of businesses designed to help people achieve healthy lifestyles.

Humana said its net income for the three months ended March 31 totaled $315.2 million, or $1.86 cents per share, compared to $258.8 million, or $1.52 per share, a year ago. Revenue totaled nearly $9.2 billion.

Analysts expected Humana to earn $1.49 per share on revenue of $9.11 billion, according to FactSet.

Humana also offers Medicaid and commercial coverage and insurance for military families.

[Associated Press]

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