K9 Investment Research

K9 Investment Research

HUM

Humana: A Great Business Under Pressure

Humana (HUM) Initiation

Apr 18, 2026
∙ Paid

“If you rewound five or seven years ago, we were largely a heal

th insurance company. I mean, that is largely what Humana was. When you look at what we are today, even though it is not visible all the time, we are much more a health services company.” – Jim Rechtin (Humana CEO)

That comment, in my view, gets to the heart of the Humana story.

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