HUMANA INC | 2013 | FY | 3


Humana Inc.

QUARTERLY FINANCIAL INFORMATION

(Unaudited)

A summary of our quarterly unaudited results of operations for the years ended December 31, 2013 and 2012 follows:

 

     2013  
     First      Second      Third      Fourth (1)  
     (in millions, except per share results)  

Total revenues

   $ 10,486       $ 10,321       $ 10,319       $ 10,187   

Income (loss) before income taxes

     730         654         586         (49

Net income (loss)

     473         420         368         (30

Basic earnings (loss) per common share

     2.97         2.66         2.34         (0.19

Diluted earnings (loss) per common share

     2.95         2.63         2.31         (0.19

 

     2012  
     First      Second      Third      Fourth  
     (in millions, except per share results)  

Total revenues

   $ 10,219       $ 9,699       $ 9,651       $ 9,557   

Income before income taxes

     390         564         675         282   

Net income

     248         356         426         192   

Basic earnings per common share

     1.51         2.19         2.65         1.21   

Diluted earnings per common share

     1.49         2.16         2.62         1.19   

 

(1) The sum of quarterly amounts does not equal full year results due to the anti-dilutive impact of a loss in the fourth quarter. The fourth quarter includes an expense of $243 million ($154 million after tax, or $0.99 per diluted common share) for reserve strengthening associated with our closed block of long-term care insurance policies.

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