Humana Inc. (HUM) CEO Bruce Broussard on Q1 2022 Results - Earnings Call Transcript

Humana Inc. (NYSE:HUM) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET

Company Participants

Lisa Stoner - Vice President, Investor Relations

Bruce Broussard - President and Chief Executive Officer

Susan Diamond - Chief Financial Officer

Joe Ventura - Chief Legal Officer

Conference Call Participants

Kevin Fischbeck - Bank of America

Nathan Rich - Goldman Sachs

Justin Lake - Wolfe Research

Matthew Borsch - BMO Capital Markets

Kevin Caliendo - UBS

Kevin Caliendo - UBS

A.J. Rice - Credit Suisse

Stephen Baxter - Wells Fargo

Ricky Goldwasser - Morgan Stanley

Joshua Raskin - Nephron Research

Scott Fidel - Stephens

David Windley - Jefferies

Lisa Gill - JPMorgan

Gary Taylor - Cowen

Operator

Good day, ladies and gentlemen and thank you for standing by. Welcome to the Humana Inc. First Quarter 2022 Earnings Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Ms. Lisa Stoner, Vice President of Investor Relations. Ma’am, please begin.

Lisa Stoner

Thank you and good morning. In a moment, Bruce Broussard, Humana’s President and Chief Executive Officer and Susan Diamond, Chief Financial Officer, will discuss our first quarter 2022 results and our updated financial outlook for 2022.

Following these prepared remarks, we will open up the line for a question-and-answer session with industry analysts. Joe Ventura, our Chief Legal Officer, will also be joining Bruce and Susan for the Q&A session. We encourage the investing public and media to listen to both management’s prepared remarks and the related Q&A with analysts. This call is being recorded for replay purposes. That replay will be available on the Investor Relations page of Humana’s website, humana.com, later today.

Before we begin our discussion, I need to advise call participants of our cautionary statement. Certain of the matters discussed in this conference call are forward-looking and involve a number of risks and uncertainties. Actual results could differ materially. Investors are advised to read the detailed risk factors discussed in our latest Form 10-K, our other filings with the Securities and Exchange Commission and our first quarter 2022 earnings press release as they relate to forward-looking statements. And to note in particular that these forward-looking statements could be impacted by risks related to the spread of and response to the COVID-19 pandemic.

Our forward-looking statements should therefore be considered in light of these additional uncertainties and risks, along with other risks discussed in our SEC filings. We undertake no obligation to publicly address or update any forward-looking statements and future filings or communications regarding our business or results. Today’s press release, our historical financial news releases and our filings with the SEC are also available on our Investor Relations site.