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Summary Box: Premiums drive Humana's 2Q growth

Mon, 08/02/2010 - 9:45am
The Associated Press

MEDICARE'S ADVANTAGE: Double-digit enrollment growth in lucrative Medicare Advantage plans helped lift Humana Inc.'s second-quarter profit 21 percent and the insurer raised its full-year outlook.

BOTTOM LINE: The company earned $340.1 million, or $2 per share, up from $281.8 million, or $1.67 per share. Revenue rose nearly 10 percent to $8.65 billion. Humana paid out less in claims, allowing it to keep more of each premium dollar that customers paid.

PEER GROUP: Competitors including UnitedHealth Group and Aetna also have reported earnings that topped Wall Street expectations.

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