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Humana10-K: Major contract loss

Humana's new TRICARE contract reduces scope from 6M to 4.6M beneficiaries

What happened

The transition from the expired T2017 contract to the new T-5 contract resulted in a loss of 8 states and a reduction of approximately 1.4 million covered beneficiaries. This significant change in scope necessitates operational adjustments, resource reallocation, and potential downsizing of supporting infrastructure.

Source

SEC EDGARFeb 19, 2026

Annual report (Form 10-K)

Humana 10-K for FY2025

Filing excerpt

We delivered services under the T2017 East Region contract from commencement on January 1, 2018 through expiration on December 31, 2024. The T2017 East Region contract comprised 32 states and approximately 6 million TRICARE beneficiaries.

sec.gov/Archives/edgar/data/49071/000004907126000009/hum-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Major contract loss

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 19, 2026

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The full record

From the Signal API record

Details

CIK
49071
Accession number
0000049071-26-000009
Timeframe
Current year
Filing year
2026
Why it matters
Urgency to improve
Signal category
Revenue

Topics and mentions

Regions named

  • East Region

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
majorContractLoss

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/ee8cf5b7-5f10-4eb2-8412-c7857bf914bc returns this record as JSON. POST /v1/companies/enrich returns every signal for humana.com.

{
  "signal_id": "ee8cf5b7-5f10-4eb2-8412-c7857bf914bc",
  "signal_type": "sec-10k",
  "signal_subtype": "majorContractLoss",
  "detected_at": "2026-02-24T09:25:52.142+00:00",
  "company": {
    "name": "Humana",
    "domain": "humana.com"
  },
  "data": {
    "detail": "The transition from the expired T2017 contract to the new T-5 contract resulted in a loss of 8 states and a reduction of approximately 1.4 million covered beneficiaries. This significant change in scope necessitates operational adjustments, resource reallocation, and potential downsizing of supporting infrastructure.",
    "metrics": {
      "timeframe": "current_year"
    },
    "summary": "Humana's new TRICARE contract reduces scope from 6M to 4.6M beneficiaries",
    "excerpts": "We delivered services under the T2017 East Region contract from commencement on January 1, 2018 through expiration on December 31, 2024. The T2017 East Region contract comprised 32 states and approximately 6 million TRICARE beneficiaries.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/49071/000004907126000009/hum-20251231.htm",
    "filing_date": "2026-02-19",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Urgency to improve",
    "signal_category": "revenue",
    "regions_mentioned": [
      "East Region"
    ]
  }
}

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