Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Humana Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums	101,272)	87,712)	79,822)	74,186)	62,948)
Services	4,033)	4,776)	3,055)	1,815)	1,439)
External revenues	105,305)	92,488)	82,877)	76,001)	64,387)
Investment income	1,069)	382)	187)	1,154)	501)
Benefits	(88,394)	(75,690)	(69,199)	(61,628)	(53,857)
Operating costs	(13,188)	(12,671)	(10,121)	(10,052)	(7,381)
Depreciation and amortization	(779)	(709)	(596)	(489)	(458)
Operating expenses	(102,361)	(89,070)	(79,916)	(72,169)	(61,696)
Income from operations	4,013)	3,800)	3,148)	4,986)	3,192)
Gain on sale of Gentiva Hospice	—)	237)	—)	—)	—)
Interest expense	(493)	(401)	(326)	(283)	(242)
Other income (expense), net	(137)	(68)	532)	(103)	506)
Income before income taxes and equity in net earnings (losses)	3,383)	3,568)	3,354)	4,600)	3,456)
Provision for income taxes	(836)	(762)	(485)	(1,307)	(763)
Equity in net earnings (losses)	(63)	(4)	65)	74)	14)
Net income	2,484)	2,802)	2,934)	3,367)	2,707)
Net (income) loss attributable to noncontrolling interests	5)	4)	(1)	—)	—)
Net income attributable to Humana	2,489)	2,806)	2,933)	3,367)	2,707)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Download chart

Income statement item	Description	The company
External revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Humana Inc. external revenues increased from 2021 to 2022 and from 2022 to 2023.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Humana Inc. income from operations increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes and equity in net earnings (losses)	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Humana Inc. income before income taxes and equity in net earnings (losses) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income attributable to Humana	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Humana Inc. net income attributable to Humana decreased from 2021 to 2022 and from 2022 to 2023.

Humana Inc. (NYSE:HUM)

Income Statement