Health insurer Humana posts nearly 18% rise in first-quarter revenue
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April 29 (Reuters) - U.S. health insurer Humana Inc reported a 17.6% rise in first-quarter revenue on Wednesday as it benefited from strong demand for its government-backed Medicare plans.
Pre-tax income fell to $717 million, or $3.56 per share, in the quarter, from $746 million, or $4.16 per share, a year earlier.
Total revenue rose to $18.94 billion from $16.11 billion and the company said the impact of the COVID-19 outbreak was not material during the quarter. (Reporting by Trisha Roy and Saumya Sibi Joseph in Bengaluru Editing by Supriya Kurane)
