Humana 2006 Annual Report Download - page 4

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2 Annual Report 2006
For the sixth consecutive year, Humana achieved strong
earnings growth in 2006. It was a year in which we
increased revenues by nearly 50 percent and earnings
per common share by more than 60 percent – making
our company by far the most impressive growth story in
our industry, and one of the best in American business.
And it was a year that established the momentum to
allow us to forecast another year of substantial revenue
and net income growth in 2007.
A Transformative Year
A year ago, we predicted that 2006 would be a
transformative year for Humana. It was. In growing
from a $14 billion to a $21 billion enterprise and adding
an additional 4.2 million medical members during 2006,
we transformed ourselves from a regional competitor
to a national leader, now active in all 50 states, with a
strong, well-respected brand.
How did we achieve this success?
• We established Humana as one of the top two
competitors in the new Medicare Prescription
Drug Plan (PDP) arena, vastly exceeding our
membership expectations.
To our Stockholders:
Diluted Earnings per Common Share
$0.00
$1.50
$3.00
$1.66 $1.79
$2.90
2004* 2005* 2006
*Adjusted to retrospectively refl ect the expensing of stock options