# HUMANA INC

Summary updated: 2026-09-28T11:23:54.224993Z
Canonical: https://finbar.com/research/companies/humana

## Overview

Humana Inc. is a Louisville, Kentucky-based health insurance and healthcare services company focused on the United States. Its Insurance business offers Medicare plans, Medicaid and other state-based coverage, specialty benefits, and military health services. Its CenterWell business provides pharmacy services, senior-focused primary care and home health services. [1](https://app.finbar.com/go?id=P69704006)[2](https://app.finbar.com/go?id=P38111968)[3](https://app.finbar.com/go?id=P116221545)

Humana describes its purpose as “putting health first” and helping people achieve their best health. Founded in 1961, the company reported approximately $129.7 billion in revenue for 2025 and had about 67,060 employees at year-end. [1](https://app.finbar.com/go?id=P69704006)[4](https://www.humana.com/about)[5](https://app.finbar.com/go?id=T13283776)[6](https://app.finbar.com/go?id=P80809636)
[1](https://app.finbar.com/go?id=P69704006)[2](https://app.finbar.com/go?id=P38111968)[3](https://app.finbar.com/go?id=P116221545)[5](https://app.finbar.com/go?id=T13283776)[6](https://app.finbar.com/go?id=P80809636)[4](https://www.humana.com/about)

## Products & services

Humana’s principal products are Medicare health plans. Its individual Medicare Advantage plans include HMOs, PPOs, private fee-for-service plans and Special Needs Plans for eligible people with particular health or coverage needs. Many plans combine Medicare medical benefits with Part D prescription drug coverage and may include dental, vision or hearing benefits. Humana also offers group Medicare Advantage plans through employers for retirees, standalone Medicare Part D prescription drug plans, and Medicare Supplement policies that help cover certain out-of-pocket costs under Original Medicare. In 2024, individual Medicare Advantage accounted for 75.6% of consolidated premiums and services revenue, group Medicare Advantage for 6.6%, and standalone Part D plans for 2.7%. [7](https://app.finbar.com/go?id=P34944407)[8](https://app.finbar.com/go?id=P107400916)[9](https://app.finbar.com/go?id=P30508091)[10](https://www.humana.com/medicare/medicare-advantage-plans/humana-special-needs)[11](https://www.humana.com/medicare/medicare-supplement-plans)

Other offerings include Medicaid managed-care coverage under Humana Healthy Horizons, standalone dental and vision insurance, and administration of military health benefits through Humana Military. Its CenterWell services comprise senior-focused primary care, pharmacy services including prescription fulfillment and home delivery, and home health care. CenterWell also provides care through its Conviva primary-care clinics. In 2024, CenterWell’s external services revenue represented 3.0% of consolidated premiums and services revenue; the reported shares for home solutions, pharmacy solutions and primary care were 1.1%, 0.8% and 1.1%, respectively. [12](https://app.finbar.com/go?id=P52595983)[13](https://app.finbar.com/go?id=P85096323)[14](https://app.finbar.com/go?id=P90333427)[15](https://www.humana.com/medicaid)[16](https://www.humana.com/dental-vision-hearing)[17](https://www.humana.com/pharmacy)
[7](https://app.finbar.com/go?id=P34944407)[8](https://app.finbar.com/go?id=P107400916)[9](https://app.finbar.com/go?id=P30508091)[12](https://app.finbar.com/go?id=P52595983)[13](https://app.finbar.com/go?id=P85096323)[14](https://app.finbar.com/go?id=P90333427)[18](https://app.finbar.com/go?id=T3743649)[19](https://app.finbar.com/go?id=T2651361)[10](https://www.humana.com/medicare/medicare-advantage-plans/humana-special-needs)[11](https://www.humana.com/medicare/medicare-supplement-plans)[15](https://www.humana.com/medicaid)[16](https://www.humana.com/dental-vision-hearing)[17](https://www.humana.com/pharmacy)

## Geographic presence

Humana’s geographic footprint is concentrated in the United States. Florida is a particularly significant insurance market: at year-end 2025, Humana covered approximately 1.0 million individual Medicare Advantage members there, and the associated federal contracts accounted for approximately 14% of its annual premiums and services revenue. That percentage relates to those contracts, not to all revenue generated in Florida. [20](https://app.finbar.com/go?id=P54691265)

Humana’s senior-focused primary care business operated 350 clinics across 15 states: Arizona, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas and Virginia. Its CenterWell Home Health business had locations in 37 states. Humana’s principal executive office is in Louisville, Kentucky; it also identifies major administrative functions in Arlington, Virginia, and Green Bay, Wisconsin. [21](https://app.finbar.com/go?id=P37403676)[22](https://app.finbar.com/go?id=P94268926)[23](https://app.finbar.com/go?id=P22401210)
[20](https://app.finbar.com/go?id=P54691265)[21](https://app.finbar.com/go?id=P37403676)[22](https://app.finbar.com/go?id=P94268926)[23](https://app.finbar.com/go?id=P22401210)

## Business segments

Humana reports two business segments: Insurance and CenterWell. Insurance provides Medicare plans for individuals and employer groups, state-contracted Medicaid and dual-eligible benefits, and other health insurance products; it also includes military services and pharmacy benefit management. CenterWell comprises pharmacy, primary care and home solutions, including home health services. [24](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R26.htm)

In 2025, Insurance generated $123.8 billion in external premiums and services revenue, approximately 96% of the two segments’ combined external revenue. CenterWell generated $4.8 billion, or approximately 4%. CenterWell also recorded $17.7 billion in revenue from services provided within Humana; that amount is eliminated on consolidation and is not part of its external-revenue share. [25](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R46.htm)
[24](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R26.htm)[25](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R46.htm)

## Company history

Humana traces its origins to a nursing-home business founded in 1961 by David A. Jones Sr. and H. Wendell Cherry. The company later operated as Extendicare, sold its nursing homes to concentrate on hospitals, and adopted the Humana name in 1974. It entered health insurance in the 1980s; in 1993, it separated its hospital operations into Galen Health Care, leaving Humana focused on health plans. [26](https://www.courier-journal.com/story/money/companies/2015/07/03/humana-company-timeline/29661577/)[27](https://humana.gcs-web.com/static-files/42b70158-15c6-408c-81c0-8d0a0aeb5c3b)

Humana expanded its Medicare business in the 2000s, acquiring the Medicare Advantage provider CarePlus in 2005 and beginning to offer Medicare prescription drug plans in 2006. Its later expansion into care delivery included a 40% stake in Kindred at Home through a 2018 transaction and the acquisition of the remaining ownership in 2021. That year, Humana introduced CenterWell as a brand for its health-care services. [28](https://www.sec.gov/Archives/edgar/data/49071/000004907105000023/prcareplus2-05.htm)[29](https://www.sec.gov/Archives/edgar/data/49071/000004907105000082/pr-cms1.htm)[30](https://press.humana.com/news/news-details/2018/acquisition-kindred-healthcare-inc/default.aspx)[31](https://press.humana.com/news/news-details/2021/Humana-Completes-Acquisition-of-Kindred-at-Home/default.aspx)[32](https://press.humana.com/news/news-details/2021/Humana-Introduces-CenterWell-as-the-New-Brand-for-a-Range-of-Its-Payer-Agnostic-Health-Care-Services-Offerings/default.aspx)
[26](https://www.courier-journal.com/story/money/companies/2015/07/03/humana-company-timeline/29661577/)[27](https://humana.gcs-web.com/static-files/42b70158-15c6-408c-81c0-8d0a0aeb5c3b)[28](https://www.sec.gov/Archives/edgar/data/49071/000004907105000023/prcareplus2-05.htm)[29](https://www.sec.gov/Archives/edgar/data/49071/000004907105000082/pr-cms1.htm)[30](https://press.humana.com/news/news-details/2018/acquisition-kindred-healthcare-inc/default.aspx)[31](https://press.humana.com/news/news-details/2021/Humana-Completes-Acquisition-of-Kindred-at-Home/default.aspx)[32](https://press.humana.com/news/news-details/2021/Humana-Introduces-CenterWell-as-the-New-Brand-for-a-Range-of-Its-Payer-Agnostic-Health-Care-Services-Offerings/default.aspx)

## Sources

1. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P69704006)
2. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38111968)
3. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P116221545)
4. [www.humana.com](https://www.humana.com/about)
5. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13283776)
6. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P80809636)
7. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P34944407)
8. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P107400916)
9. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P30508091)
10. [www.humana.com](https://www.humana.com/medicare/medicare-advantage-plans/humana-special-needs)
11. [www.humana.com](https://www.humana.com/medicare/medicare-supplement-plans)
12. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P52595983)
13. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P85096323)
14. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P90333427)
15. [www.humana.com](https://www.humana.com/medicaid)
16. [www.humana.com](https://www.humana.com/dental-vision-hearing)
17. [www.humana.com](https://www.humana.com/pharmacy)
18. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=T3743649)
19. [HUMANA INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=T2651361)
20. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54691265)
21. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37403676)
22. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94268926)
23. [HUMANA INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P22401210)
24. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R26.htm)
25. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/R46.htm)
26. [www.courier-journal.com](https://www.courier-journal.com/story/money/companies/2015/07/03/humana-company-timeline/29661577/)
27. [humana.gcs-web.com](https://humana.gcs-web.com/static-files/42b70158-15c6-408c-81c0-8d0a0aeb5c3b)
28. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/49071/000004907105000023/prcareplus2-05.htm)
29. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/49071/000004907105000082/pr-cms1.htm)
30. [press.humana.com](https://press.humana.com/news/news-details/2018/acquisition-kindred-healthcare-inc/default.aspx)
31. [press.humana.com](https://press.humana.com/news/news-details/2021/Humana-Completes-Acquisition-of-Kindred-at-Home/default.aspx)
32. [press.humana.com](https://press.humana.com/news/news-details/2021/Humana-Introduces-CenterWell-as-the-New-Brand-for-a-Range-of-Its-Payer-Agnostic-Health-Care-Services-Offerings/default.aspx)

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