HUM · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

HUMANA INC · 2026-11-06 · Importance 40 · Surprise 56

The effective tax rate was 19.7% for the third quarter of 2026, compared with negative 77.3% in the 2025 quarter. For the first nine months, the effective rate rose to 24.8% from 20.1% in 2025. Humana attributed the 2026 rate increase primarily to a tax benefit recognized in the prior year on a business sale that did not recur. The reported tax provision was also affected by a $86 million benefit in the 2026 quarter, compared with a $146 million provision in the 2025 quarter.

Key facts

• Humana’s effective income tax rates were 19.7% and (77.3)% for the three months ended September 30, 2026 and 2025, and 24.8% and 20.1% for the corresponding nine-month periods. source
• The 2026 quarter and nine-month effective tax rate increases primarily reflected a prior-year tax benefit on a business sale that did not recur. source