April 29, 2020 / 10:45 AM / a month ago

Health insurer Humana posts nearly 18% rise in first-quarter revenue

April 29 (Reuters) - U.S. health insurer Humana Inc reported a 17.6% rise in first-quarter revenue on Wednesday as it benefited from strong demand for its government-backed Medicare plans.

Pre-tax income fell to $717 million, or $3.56 per share, in the quarter, from $746 million, or $4.16 per share, a year earlier.

Total revenue rose to $18.94 billion from $16.11 billion and the company said the impact of the COVID-19 outbreak was not material during the quarter. (Reporting by Trisha Roy and Saumya Sibi Joseph in Bengaluru Editing by Supriya Kurane)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below