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Humana Raises 2022 Forecast as Insurers Thrive Amid Covid

  • Adjusted earnings for quarter beat analysts’ highest estimate
  • Lower administrative costs, strong pharmacy business cited
Humana office building in Louisville, Kentucky.
Humana office building in Louisville, Kentucky.Photographer: Luke Sharrett/Bloomberg
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Humana Inc. raised its outlook for the year as first-quarter profit beat Wall Street’s highest estimate, a sign of continued strength for health insurers during the pandemic.

Adjusted earnings for 2022 will be approximately $24.50 a share, up from a previous forecast of at least $24, Humana said Wednesday. Adjusted earnings for the first quarter of $8.04 a share surpassed the rosiest analyst forecast of $7.20.