Humana Names Former Amazon Executive Next Insurance President. The Stock Drops.

Humana shares are up 15% over the past 12 months. (Photograph by Luke Sharrett/Bloomberg)

Key Points

• Humana’s stock fell 2.5% in premarket trading following the announcement of its Insurance president’s retirement.
• George Renaudin, Humana’s Insurance president, will retire by the third quarter of 2026 and be replaced by Aaron Martin.
• Humana reiterated its 2025 diluted earnings guidance of approximately $12.26 per common share, or $17.00 adjusted.

Humana stock was falling after the healthcare insurer announced the retirement of its current insurance president and reiterated guidance for this year.

Humana shares were down 2.4% in early trading Tuesday.

The company said Tuesday that George Renaudin, president of its insurance segment, will retire by the third quarter of 2026. After retiring, Renaudin will serve as a strategic advisor to the company through at least the end of next year.

Renaudin will be replaced by Aaron Martin, who will initially joined the company in January as president of Medicare Advantage and will assume the role of president of the insurance segment on Renaudin’s retirement. Martin was vice president of healthcare at Amazon.com, where he oversaw strategic partnerships, marketing and the company’s telehealth and chronic conditions programs.

Humana also reiterated its guidance of approximately $12.26 in diluted earnings per common share for 2025, or around $17.00 in adjusted earnings per share.

Humana shares have gained 8.3% this year so far through Monday’s close. The company specializes in Medicare Advantage, the government-funded, privately-managed health plans for seniors.

Humana declined to provide guidance for next year in its most recent earnings report in November, but flagged expected declines in the quality ratings of its Medicare Advantage plans as weighing on earnings.

Write to Adam Clark at adam.clark@barrons.com