Humana Announces Share Repurchase Program
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LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 22, 2008--Humana Inc. (NYSE: HUM) today announced that its board of directors has authorized the use of up to $150 million for the repurchase of its common shares. The company had approximately 170 million shares outstanding as of December 31, 2007. The company said that the shares may be purchased from time to time at prevailing prices in the open market, by block purchases, or in privately-negotiated transactions.
Cautionary Statement
This news release contains statements that are forward-looking. The forward-looking statements herein are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in the following documents filed by Humana with the Securities and Exchange Commission:
-- Form 10-K for the year ended December, 31, 2006, -- Form 10-Qs for the quarters ended March 31, 2007, June 30, 2007, and September 30, 2007, -- Form 8-Ks filed during 2007 and 2008. About Humana
Humana Inc., headquartered in Louisville, Kentucky, is one of the nation's largest publicly traded health and supplemental benefits companies, with approximately 11.5 million medical members. Humana is a full-service benefits solutions company, offering a wide array of health and supplemental benefit plans for employer groups, government programs and individuals.
Over its 47-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.
More information regarding Humana is available to investors via the Investor Relations page of the company's web site at www.humana.com, including copies of:
-- Annual reports to stockholders; -- Securities and Exchange Commission filings; -- Most recent investor conference presentations; -- Quarterly earnings news releases; -- Replay of most recent earnings release conference calls; -- Calendar of events (includes upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors); -- Corporate Governance information. CONTACT: Humana Inc. Investor Relations: Regina Nethery, 502-580-3644 Rnethery@humana.com or Corporate Communications: Tom Noland, 502-580-3674 Tnoland@humana.com SOURCE: Humana Inc.