Humana 1999 Annual Report Download - page 2

Humana Inc.,
headquartered in Louisville,
Ky., is one of the nation’s
largest publicly traded
health services companies
with approximately 5.9
million medical members
located primarily in 15
states and Puerto Rico.
Humana offers coordinated
health care coverage
through a variety of plans —
health maintenance
organizations, preferred
provider organizations,
point-of-service plans, and
administrative services
products — to employer
groups, government-
sponsored plans and
individuals.
Humana's vision is to
become the most trusted
name in health solutions.
(Dollars in millions, except per share results)
For the years ended December 31, 1999 (a) 1 998 ( b)
O P E R AT ING RESU LT S
R e v e n u e s $ 10,11 3 $ 9,781
Income before income taxes 1 8 1 3 3 5
Net income 11 7 2 1 3
Earnings per common share — assuming dilution . 6 9 1 . 2 7
FINA NCIA L POS ITI ON
Cash and investments $ 2,738 $ 2,812
Total assets 4 , 9 0 0 5 , 4 9 6
Stockholders’ equity 1 , 2 6 8 1 , 6 8 8
OTHER DATA
S h a res outstanding 1 6 7 , 5 1 4 , 7 1 0 1 6 7 , 5 1 5 , 3 6 2
Medical membership 5 , 9 3 9 , 2 0 0 6 , 1 9 5 , 8 0 0
Number of employees 1 7 , 3 0 0 1 6 , 3 0 0
Number of stockholders of re c o rd 7 , 8 0 0 8 , 7 0 0
Excludes expenses of $585 million pretax ($ 499 million aft er tax, or $2.97 per diluted share) primarily related t o goodwill writ e-down, lo sses on non-core asset sales,
p ro fe ssional liability re s e rve strengthening, premiu m deficiency an d m edical re s e r ve st re n g t h e n i n g .
Excludes expenses of $132 million pretax ($ 84 mi ll io n after tax , or $.50 per diluted share) primarily related to the co s ts of certai n mar ket exits and product
discontinuances, asset write-offs, premium d efici ency and a on e-ti me non-officer employee incentive.
( a )
( b )
FINANCIAL HIGHLIGHTS