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Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. A lower Medical Loss Ratio % indicates better profitability of the company.
Humana's Medical Loss Ratio % for the quarter that ended in Dec. 2023 was 90.70% , which is higher than 86.60% for the pervious quarter ended in Sep. 2023.
Humana's Medical Loss Ratio % for the annual that ended in Dec. 2023 was 87.30% , which is higher than 86.30% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Humana's Medical Loss Ratio % or its related term are showing as below:
The historical data trend for Humana's Medical Loss Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Humana Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Medical Loss Ratio % | Get a 7-Day Free Trial |
HumanaQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Medical Loss Ratio % | Get a 7-Day Free Trial |
For the Healthcare Plans subindustry, Humana's Medical Loss Ratio %, along with its competitors' market caps and Medical Loss Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Humana (NYSE:HUM) Medical Loss Ratio % Explanation
Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. For example, if an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio % of 80%.
Medical claims are medical bills submitted to health insurance carriers and other insurance providers for services rendered to patients by care providers. When you go to the doctor, hospital or other provider, your service generates a bill. This bill then becomes a medical claim to your insurance carrier to process for payment.
Quality of care involves activities such as engaging and involving the patient, so the patient takes ownership in preventive care and in the treatment of diagnosed conditions.
Thank you for viewing the detailed overview of Humana's Medical Loss Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Susan M Diamond | officer: Segment President, Home Bus. | 500 W MAIN ST., LOUISVILLE KY 40202 |
Sanjay K Shetty | officer: President, CenterWell | 500 W. MAIN STREET, LOUISVILLE KY 40202 |
George Ii Renaudin | officer: President, Medicare & Medicaid | 500 W. MAIN SREET, LOUISVILLE KY 40202 |
Jones David A Jr/ky | director | C/O HUMANA INC, 500 WEST MAIN STREET, LOUISVILLE KY 40202 |
Timothy S. Huval | officer: Sr. Vice Pres & Chief HR Offic | 500 W. MAIN STREET, LOUISVILLE KY 40202 |
Bruce D Broussard | officer: President | 500 W. MAIN STREET, C/O HUMANA LAW DEPT., LOUISVILLE KY 40202 |
Joseph C Ventura | officer: Chief Legal Officer & Corp Sec | 500 W MAIN STREET, LOUISVILLE KY 40202 |
William Kevin Fleming | officer: President, Hlthcare Svc Sgmt | 500 WEST MAIN STREET, LOUISVILLE KY 40202 |
Timothy Alan Wheatley | officer: President, Retail Segment | 500 WEST MAIN STREET, LOUISVILLE KY 40202 |
Samir Deshpande | officer: Chief Risk Officer | 500 W MAIN STREET, LOUISVILLE KY 40202 |
Brad D Smith | director | 1040 13TH AVE, HUNTINGTON WV 25701 |
John-paul W. Felter | officer: SVP, Chief Accting Off & Cont. | 500 W MAIN ST, LOUISVILLE KY 40202 |
Michael A. Koeberlein | officer: SVP, Chief Accting Off & Cont. | 500 W MAIN ST., LOUISVILLE KY 40202 |
David T Feinberg | director | 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401 |
Agwunobi, M.d. Andrew C. | officer: Seg. President, Home Solutions | HUMANA INC., 500 W MAIN STREET, LOUISVILLE KY 40202 |
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