UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 28, 2019 (February 28, 2019)

Humana Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction

of Incorporation)

502-580-1000

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Members of Humana Inc.'s senior management team are scheduled to meet with investors at various times between March 1, 2019 and March 31, 2019.  During the meetings, the company intends to reaffirm its guidance of approximately $16.60 to $17.10 in diluted earnings per common share ("EPS"), or approximately $17.00 to $17.50 in adjusted earnings per common share ("Adjusted EPS"), in each case for the year ending December 31, 2019 (FY19).  This guidance is consistent with the guidance issued in Humana's press release dated February 6, 2019.  The date and time of presentations to investors are available via the Investor Relations calendar of events on Humana's website at humana.com.

The Company has included Adjusted EPS in this current report, a financial measure that is not in accordance with Generally Accepted Accounting Principles ("GAAP"). Management believes that this measure, when presented in conjunction with the comparable measure of GAAP EPS, is useful to both management and its investors in analyzing the Company's ongoing business and operating performance. Consequently, management uses Adjusted EPS as an indicator of the Company's business performance, as well as for operational planning and decision making purposes.  Adjusted EPS should be considered in addition to, but not as a substitute for, or superior to, GAAP EPS.  A reconciliation of GAAP EPS to Adjusted EPS follows:

 

Diluted earnings per common share	FY19 Guidance
GAAP	~$16.60 –$17.10
Amortization of identifiable intangibles	0.40
Adjusted (non-GAAP) – FY19 projected	~$17.00 – $17.50

 

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 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 Dated: February 28, 2019