Humana reports profit decline, raises outlook

Louisville, KY-based Humana Inc. reported a slight drop in second-quarter profit, caused by a double-digit drop in premiums from its stand-alone Medicare prescription drug plans. The health insurer posted solid growth elsewhere in its Medicare Advantage and commercial segments, however. Humana's results for the three months ended June 30 outperformed Wall Street expectations, and the company raised its earnings-per-share projection for the full year.