HUM · 10-Q · 2026Q3 · Full report

Interest Expense Trends

HUMANA INC · 2026-11-06 · Importance 61 · Surprise 66

Interest expense increased 29.2% to $217 million in the third quarter of 2026 and 25.2% to $607 million in the first nine months. The increases were primarily driven by financing costs, including 2026 liquidity and capital-management measures, and higher average debt balances. In March 2026, Humana issued $1.0 billion of 6.625% fixed-to-fixed junior subordinated notes due in 2056, receiving approximately $990 million net proceeds. The proceeds were used for general corporate purposes, including repayment of commercial-paper borrowings.

Key facts

• Interest expense increased 29.2% to $217 million in the 2026 quarter from $168 million in the 2025 quarter and increased 25.2% to $607 million in the 2026 period from $485 million in the 2025 period, primarily due to financing costs and higher average debt balances. source