Humana Tuesday reported $1.2 billion in 2024 profits that included a $693 million fourth quarter loss as the health insurer exits unprofitable Medicare Advantage

The massive insurer now expects to lose 550,000 Medicare Advantage members — roughly one-tenth its individual MA footprint — this year as a result of plan cuts.

Humana Inc. forecast 2025 profit that fell short of Wall Street’s expectations, as the company said it will invest heavily in improving quality in its Medicare Advantage plans, its biggest business.