SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 31, 2018 (August 31, 2018)
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction
500 West Main Street,
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(Former Name or Former Address, if Changed Since Last Report)
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Emerging growth company ☐
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|Item 7.01|| |
Regulation FD Disclosure.
Members of Humana Inc.s senior management team are scheduled to meet with investors at various times between September 1, 2018 and September 30, 2018. During such meetings, Humanas management expects to reaffirm its guidance of approximately $11.52 in diluted earnings per common share (EPS), or approximately $14.15 in adjusted earnings per common share (Adjusted EPS) for the year ending December 31, 2018. This guidance is consistent with the guidance issued in Humanas press release dated August 1, 2018. The date and time of presentations to investors are available via the Investor Relations calendar of events on Humanas website at www.humana.com.
The Company has included adjusted EPS in this current report, a financial measure that is not in accordance with Generally Accepted Accounting Principles (GAAP). Management believes that this measure, when presented in conjunction with the comparable measure of GAAP EPS, is useful to both management and its investors in analyzing the Companys ongoing business and operating performance. Consequently, management uses adjusted EPS as an indicator of the Companys business performance, as well as for operational planning and decision making purposes. Adjusted EPS should be considered in addition to, but not as a substitute for, or superior to, GAAP EPS. A reconciliation of GAAP EPS to Adjusted EPS follows:
Loss on sale of KMG America Corporation, a former wholly-owned subsidiary
Amortization of identifiable intangibles
Operating income associated with the Individual Commercial segment
Impact of tax reform law enacted on December 22, 2017, primarily re-measurement of deferred tax assets at lower corporate tax rates
Adjusted (non-GAAP) FY18 projected
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
|BY:||/s/ Cynthia H. Zipperle|
Cynthia H. Zipperle
Senior Vice President, Chief Accounting Officer
(Principal Accounting Officer)
Dated: August 31, 2018