HUM · 10-Q · 2026Q3 · Full report

Restructuring Charges

HUMANA INC · 2026-11-06 · Importance 48 · Surprise 74

Humana recorded value-creation and transformation charges of $179 million in the first nine months of 2026, compared with $320 million in the first nine months of 2025, a 44% decrease. The charges were $25 million in the 2026 third quarter versus $267 million in the 2025 third quarter. Costs primarily comprised severance and associate exit costs, asset impairments, and external consulting expenses for a multi-year program to realign costs, operations, and technology. Humana stated that it expects additional charges as the program continues.

Key facts

• The value creation initiative charges primarily covered severance and associate exit costs, asset impairments, and external consulting expenses; Humana expects additional charges over the course of the program. source
• Humana recorded value creation initiative charges of $25 million and $179 million for the three and nine months ended September 30, 2026, respectively, and $267 million and $320 million for the corresponding 2025 periods. source