Independent analysis from the University of Louisville highlights Humana’s statewide contributions to jobs, healthcare and communities as Kentucky’s largest hometown company

Company Website: https://www.humana.com/
LOUISVILLE, Ky. -- (Business Wire)

Humana Inc. (NYSE: HUM) and the University of Louisville today announced the publication of a new economic impact report examining Humana’s contributions across the state. The analysis, authored by University of Louisville applied economist Thomas E. Lambert, PhD, found that Humana’s operations generated nearly $20 billion in economic activity across Kentucky in 2025, supporting jobs, businesses and communities throughout the Commonwealth.

The report, The Economic Impact of Humana and Humana Philanthropy on the Commonwealth of Kentucky for 2025, uses the IMPLAN economic modeling system and several years of company financial data to measure Humana’s employment, payroll, output, tax and philanthropic effects. The findings highlight how Humana’s long-standing commitment to Kentucky helps fuel significant economic opportunity and community investment today while creating a stronger foundation for Kentucky’s next chapter of growth, health and shared prosperity.

“At the University of Louisville, we are committed to producing rigorous, data-driven research that helps organizations and communities better understand their impact,” said Thomas E. Lambert, PhD, University of Louisville applied economist. “This analysis demonstrates that Humana's influence extends well beyond its own operations, supporting jobs, businesses, tax revenues, and community investment across Kentucky. As a Kentucky-headquartered company, Humana creates economic ripple effects that strengthen communities throughout the Commonwealth and underscore the value of locally rooted organizations."

Key findings from the report

• Nearly $20 billion in statewide economic output. Humana generated approximately $6.4 billion in direct Kentucky output in 2025, with indirect and induced effects bringing the estimated total to $19.9 billion.
• More than 51,000 Kentucky jobs supported. Approximately 9,000 Humana jobs statewide support about 42,000 additional jobs through supplier activity and employee spending.
• $3.8 billion in total labor income. Humana’s approximately $952 million in direct Kentucky payroll generated an estimated $3.8 billion in total labor income across the Commonwealth.
• $3.25 billion in estimated tax impact. Humana’s business activity and related economic effects generated an estimated $3.25 billion in local, state and federal taxes.
• A significant Louisville-area impact. The report estimates Humana supports approximately 39,500 jobs, $2.6 billion in labor income and nearly $13 billion in total output in the Louisville metro area.
• Long-term investment in Kentucky communities. From roughly 2017 through 2025, Humana, its employees and the Humana Foundation averaged approximately $51 million annually in financial and in-kind giving, supporting an estimated 403 jobs and $83.3 million in total output each year.

The report also examines Humana’s role as a trusted health care partner in Kentucky, where 840,000 Kentucky members are served across Medicare, Medicaid, TRICARE, and other health plans. It specifically notes that Humana Healthy Horizons serves more than 191,000 Kentucky Medicaid members, and over 78,000 patients are cared for across CenterWell's Senior Primary Care, Home Health and Pharmacy services. These insights reinforce how Kentucky-headquartered managed care can help keep healthcare dollars circulating in the state through local employment, spending with Kentucky businesses and additional tax generation. The analysis also highlights Humana’s long-term investment in care access, provider partnerships, workforce development, behavioral health, maternal health, food security and other health-related social needs across the Commonwealth.

“As a company founded and headquartered in Kentucky, Humana understands that our impact is measured not only by the people we serve, but also by the jobs, partnerships and investment we sustain across the Commonwealth,” said Jeb Duke, Senior Vice President and Medicaid Divisional Leader at Humana. “By working alongside providers, community organizations and state leaders, we can improve access to care, strengthen local communities and help keep healthcare resources in Kentucky—creating value for the state today and building a healthier future for generations to come.”

The independently developed report highlights Humana's role as a major Kentucky employer, health partner and community investor. The findings show how the company's business activity, workforce, philanthropy and partnerships contribute to growing economic activity and community well-being across the Commonwealth.

The full report is available on the University of Louisville College of Business site and the Humana Health Policy site.

About the report
The Economic Impact of Humana and Humana Philanthropy on the Commonwealth of Kentucky for 2025 was authored by Thomas E. Lambert, PhD, an applied economist in the University of Louisville College of Business. The study uses the IMPLAN input-output economic modeling system and company-provided data to estimate Humana’s direct, indirect and induced economic effects. Figures are estimates and may not sum due to rounding.

About Humana
Humana (NYSE:HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

About the University of Louisville
Founded in 1798 as one of the nation’s first city-owned, public universities, the University of Louisville (UofL) is a vital ecosystem that creates thriving futures for our students, community and society. As one of only 13 universities in the United States to earn recognition by the Carnegie Foundation as a Research 1, Opportunity College and Community Engaged university, we impact lives in areas of student success and research and innovation, while our dynamic connection with our local and global communities provides unparalleled opportunities for students and citizens alike.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261006936009/en/

Contacts:

Mark Taylor
Humana Corporate Communications
MTaylor108@humana.com

John Karman
University of Louisville Communications
John.karman@louisville.edu

Source: Humana Inc.