Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Humana Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Humana Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Humana Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Premiums (% of external revenues)
- The proportion of premiums relative to external revenues remained consistently high, fluctuating narrowly between approximately 94% and 98%. There was a slight downward trend starting in early 2021, with the metric declining from around 97.74% in March 2021 to a low near 94% by late 2021 and early 2022. Subsequently, premiums gradually increased again, approaching around 96%-96.4% in early 2024.
- Services (% of external revenues)
- Service revenues as a percentage of external revenues showed gradual growth from about 2.2% in early 2019 to a peak around 5.9% in late 2021. After peaking, this ratio declined steadily throughout 2022 and stabilized in the range of 3.6% to 4.0% during 2023 and early 2024. This indicates an increasing but fluctuating contribution from services to overall revenues.
- Investment income (loss) (% of external revenues)
- Investment income presented volatility, with notable spikes in Q3 2020 reaching 3.69% and intermittent negative values in 2021. In recent quarters, the investment income percentage stabilized between roughly 0.7% and 1.2%, suggesting modest but more consistent investment returns relative to external revenues.
- Benefits (% of external revenues)
- Benefit expenses consistently constituted the largest outflow, generally around 82% to 87% of external revenues. There was a notable reduction in the middle of 2020 where benefits dipped to near 74.6%, likely reflecting unusual operational conditions. From 2021 onward, benefits mostly hovered close to 83%, but spiked to 87.1% in late 2023, indicating increased benefit costs relative to revenues during that period.
- Operating costs (% of external revenues)
- Operating costs exhibited variability, fluctuating mostly between -9.7% and -16.3%. Cost spikes were observed in late 2019 and late 2020, surpassing -15%. In more recent periods, costs settled lower around -10% to -12%, demonstrating an improvement in operational efficiency or cost control in some quarters, although increases were visible again in late 2023 and early 2024.
- Depreciation and amortization (% of external revenues)
- Depreciation and amortization remained relatively stable over the entire period, oscillating slightly between -0.6% and -0.8%, indicating no significant changes in capital asset aging or amortization schedules affecting revenues.
- Operating expenses (% of external revenues)
- Operating expenses, capturing the combined impact of benefits, operating costs, and depreciation, showed substantial variation. They ranged from approximately -87% to slightly above -100% in several quarters. Particularly, late 2020 and late 2023 quarters reflected operating expenses exceeding total external revenues, implying operating losses during those times.
- Income from operations (% of external revenues)
- Operating income was positive but variable, ranging from a high of about 12.8% in mid-2020 to negative values near -1.8% in late 2020 and again toward the end of 2023. The fluctuations suggest periods of strong profitability interspersed with quarters experiencing operational challenges or increased costs.
- Interest expense (% of external revenues)
- Interest expense remained relatively consistent, around -0.3% to -0.6%, showing a slight increasing trend in cost of debt financing in recent years.
- Other income (expense), net (% of external revenues)
- Other income and expenses were volatile without a clear trend, ranging from positive spikes (up to approximately 5.3%) to negative troughs (about -2.0%). The irregular pattern indicates unpredictable impacts from miscellaneous items beyond core operations.
- Income before income taxes and equity in net earnings (losses) (% of external revenues)
- This figure reflected the combined operational and non-operational performance, demonstrating significant volatility. Peaks occurred in mid-2020 (13.6%) and late 2021 (7.9%), contrasted by negative values near -2.4% in late 2020 and -2.3% at end of 2023, consistent with observed dips in operating income and other components.
- Provision for income taxes (% of external revenues)
- The provision for taxes fluctuated but tended to be relatively small compared to income before taxes, moving between around -4.1% at maximum tax charge to slightly positive values in some quarters. This suggests variable effective tax rates or fluctuations in taxable income.
- Equity in net earnings (losses) (% of external revenues)
- Equity in net earnings or losses remained near zero throughout the period, mostly within the range of -0.09% to 0.18%, indicating minimal contribution from equity investments.
- Net income (% of external revenues)
- Net income closely mirrored income before taxes trends, with substantial volatility. Prominent earnings occurred in mid-2020 and late 2021, exceeding 7%, while negative net income emerged in late 2020 and late 2023, reaching approximately -2%. Recent quarters in early 2024 show diminished net income margins down to near 1.6%, revealing challenges to profitability.