HUM · 8-K · 20261013PR000060

Balance Sheet and Liquidity

HUMANA INC · 2026-10-13 · Importance 46 · Surprise 42

The new joint venture will not include a put option, unlike the existing CenterWell-WCAS joint ventures, which had put arrangements. Humana expects removal of those put arrangements to significantly reduce liabilities on its balance sheet. BlackRock will receive certain protections under the new arrangement. Humana anticipates a significantly lower cost of capital under the venture, reflecting the maturity of the business.

Key facts

• Humana anticipates a significantly lower cost of capital under the new joint venture, reflecting the business’s maturity. source
• The new joint venture does not include a put option, and Humana expects removal of the put arrangements for the existing joint ventures to significantly reduce liabilities on its balance sheet. source