Humana — Jul 30, 2025 release

Insurance segment GAAP: at least $123 billion GAAP: $121 billion to $123 billion CenterWell segment GAAP: at least $21.5 billion GAAP: $20.5 billion to $21.5 billion Change in year-end medical membership from prior year-end Individual Medicare Advantage Decline of 'up to 500,000' Decline of approximately 550,000 Group Medicare Advantage no change Relatively flat Medicare stand-alone PDP no change Growth of approximately 200,000 State-based contracts no change Growth within 175,000 to 250,000 range State-based contracts guidance includes membership in Florida, Illinois, Indiana, Kentucky, Louisiana, Ohio, Oklahoma, South Carolina, Virginia, and Wisconsin. Benefit Ratio  Insurance segment no change GAAP: 90.1% to 90.5% Ratio calculation: benefits expense as a percent of premiums revenues. Operating Cost Ratio Consolidated no change GAAP: 11.3% to 11.7% Ratio calculation: operating costs excluding depreciation and amortization as a percent of revenues excluding investment income. Segment Results Insurance segment income from operations GAAP: $1.6 billion to $2.0 billion GAAP: $1.5 billion to $2.0 billion   CenterWell segment Non-GAAP income from operations excludes the projected impact of segment depreciation and amortization. CenterWell segment income from operations GAAP: $1.1 billion to $1.5 billion Non-GAAP: $1.3 billion to $1.7 billion GAAP: $1.0 billion to $1.5 billion Non-GAAP: $1.2 billion to $1.7 billion Effective Tax Rate no change GAAP: approximately 25.0% Weighted Avg. Share Count for Diluted EPS approximately 121 million approximately 121.5 million Cash flows from operations no change GAAP: $2.4 billion to $2.9 billion Capital expenditures no change approximately $650 million 13 Humana Inc. Statistical Schedules and Supplementary Information 2Q25 Earnings Release S-1 Humana Inc. Statistical Schedules and Supplementary Information 2Q25 Earnings Release (S-3) Summary of Results - Consolidated and Segments - Quarter & YTD (S-4) Consolidated Statements of Income - Quarter & YTD (S-5) Consolidated Balance Sheets (S-6) Con