2021 report: https://humana.gcs-web.com/static-files/78c99040-2eed-4231-89f9-e12b3e9ec333 https://humana.gcs-web.com/static-files/78c99040-2eed-4231-8... Net i

2021 report: https://humana.gcs-web.com/static-files/78c99040-2eed-4231-89f9-e12b3e9ec333 https://humana.gcs-web.com/static-files/78c99040-2eed-4231-8... Net income: 2.9B USD HOWEVER: 1. They paid 3.6B USD in dividends in 2021 2. They paid 10B in operating costs and receieve ~70B in premiums on top of other streams 3. They increased their interest expense for the KAH acquisition 4. They hold $44B in assets and $28B in liabilities The story they are clearly telling investors is they are seeking to consolidate Payers with Providers to improve efficiencies, which ignores that they they could improve operational efficiencies today.