Humana Profits Hit $694 Million as Medicare Costs Fall in Line

Humana reported second-quarter net income of $694 million, or $5.73 per share, up from $545 million a year earlier.

Revenue rose to $40.8 billion, supported by higher Medicare Advantage enrollment.

Its benefit ratio was 91.2%, still elevated but in line with management guidance.

The company said medical and pharmacy cost trends matched expectations, easing worries about insurer margins.