What changed in this filing

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Item 1. Business

2026-02-19 compared with 2025-02-20 · 59 added, 75 removed, 366 unchanged (27% of the section changed)

2 unchanged sentences

Through our Humana insurance services, and our CenterWell health care services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it.

These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.

These efforts are leading to a better quality of life for Medicare and Medicaid participants, families, individuals, military service personnel, and communities at large.

As of December 31, 2025, we had approximately 15 million members in our medical benefit plans, as well as approximately 4.7 million members in our specialty products.

During 2024, 85% of our total premiums and services revenue were derived from contracts with the federal government, including 14% derived from our individual Medicare Advantage contracts in Florida with the Centers for Medicare and Medicaid Services, or CMS, under which we provide health insurance coverage to approximately 924,800 members as of December 31, 2024.

During 2025, 83% of our total premiums and services revenue were derived from contracts with the federal government, including 14% derived from our individual Medicare Advantage contracts in Florida with the Centers for Medicare and Medicaid Services, or CMS, under which we provided health insurance coverage to approximately 1.0 million members as of December 31, 2025.

was organized as a Delaware corporation in 1964.

Our principal executive offices are located at 500 West Main Street, Louisville, Kentucky 40202, the telephone number at that address is (502) 580-1000, and our website address is www.humana.com.

Our principal executive offices are located at 101 East Main Street, Louisville, Kentucky 40202, the telephone number at that address is (502) 580-1000, and our website address is www.humana.com.

We have made available free of charge through the Investor Relations section of our web site our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements, and, if applicable, amendments to those reports filed or furnished pursuant to Section 13(a) of the Exchange Act, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission.

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Total Medicare 106,261 82.6 %

Commercial fully-insured 501 0.4 %

Specialty benefits 989 0.8 %

2 unchanged sentences

Total premiums revenue 122,825 95.5 %

Commercial ASO 50 — %

Military services and other 1,017 0.8 %

26 unchanged sentences

In some cases, these beneficiaries are required to pay a monthly premium to the HMO or PPO plan in addition to the monthly Part B premium they are required to pay the Medicare program.

Most of our Medicare PFFS plans are network-based products with in and out of network benefits due to a requirement that Medicare Advantage organizations establish adequate provider networks, except in geographic areas that CMS determines have fewer than two network-based Medicare Advantage plans.

Most of our Medicare PFFS plans are network-based products with in and out of network benefits due to a requirement that Medicare Advantage organizations to establish adequate provider networks, except in geographic areas that CMS determines have fewer than two network-based Medicare Advantage plans.

In these areas, we offer Medicare PFFS plans that have no preferred network.

Individuals in these plans pay us a monthly premium to receive typical Medicare Advantage benefits along with the freedom to choose any health care provider that accepts individuals at rates equivalent to Medicare FFS payment rates.

CMS uses a risk-adjustment model which adjusts premiums paid to Medicare Advantage, or MA, plans according to health status of covered members.

CMS uses a risk-adjustment model that adjusts premiums paid to Medicare Advantage, or MA, plans according to health status of covered members.

The risk-adjustment model, which CMS implemented pursuant to the Balanced Budget Act of 1997 (BBA) and the Benefits Improvement and Protection Act of 2000 (BIPA), generally pays more where a plan's membership has higher expected costs.

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For additional information, refer to Note 17 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" and Part I, Item 1A, "Risk Factors" of this Form 10-K.

At December 31, 2024, we provided health insurance coverage under CMS contracts to approximately 5,661,800 individual Medicare Advantage members, including approximately 924,800 members in Florida.

At December 31, 2025, we provided health insurance coverage under CMS contracts to approximately 5.2 million individual Medicare Advantage members, including approximately 1.0 million members in Florida.

Florida contracts accounted for premiums revenue of approximately $17.8 billion, which represented approximately 20% of our individual Medicare Advantage premiums revenue, or 14% of our consolidated premiums and services revenue for the year ended December 31, 2025.

Our individual Medicare Advantage products covered under Medicare Advantage contracts with CMS are renewed generally for a calendar year term unless CMS notifies us of its decision not to renew by May 1 of the calendar year in which the contract would end, or we notify CMS of our decision not to renew by the first Monday in June of the calendar year in which the contract would end.

All material contracts between Humana and CMS relating to our Medicare Advantage products have been renewed for 2025, and all of our product offerings filed with CMS for 2025 have been approved.

All material contracts between Humana and CMS relating to our Medicare Advantage products have been renewed for 2026, and all of our product offerings filed with CMS and going to market for 2026 have been approved.

Individual Medicare Stand-Alone Prescription Drug Products

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– Financial Statements and Supplementary Data, titled “Receivables and Revenue Recognition.” Our stand-alone PDP contracts with CMS are renewed generally for a calendar year term unless CMS notifies us of its decision not to renew by May 1 of the calendar year in which the contract would end, or we notify CMS of our decision not to renew by the first Monday in June of the calendar year in which the contract would end.

All material contracts between Humana and CMS relating to our Medicare stand-alone PDP products have been renewed for 2025, and all of our product offerings filed with CMS for 2025 have been approved.

All material contracts between Humana and CMS relating to our Medicare stand-alone PDP products have been renewed for 2026, and all of our product offerings filed with CMS and going to market for 2026 have been approved.

We have administered CMS’s Limited Income Newly Eligible Transition, or LI-NET, prescription drug plan program since 2010.

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Through Medicaid Managed Long-Term Support Services (MLTSS) programs, states offer programs to deliver support services to people who receive home and community or institution-based services for long-term care.

We have contracts in multiple states to serve Medicaid-eligible members, including Florida, Kentucky, Illinois, Indiana, Louisiana, Ohio, Oklahoma, South Carolina and Wisconsin.

We have contracts in multiple states to serve Medicaid-eligible members, including Florida, Kentucky, Illinois, Indiana, Louisiana, Ohio, Oklahoma, South Carolina, Virginia and Wisconsin.

We also serve members who qualify for both Medicaid and Medicare, referred to as "dual eligible", through our Medicaid, Medicare Advantage, and stand-alone prescription drug plans.

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In addition, we sell dental and vision specialty insurance benefits to individuals.

Commercial Fully-Insured and ASO

In February 2023, we announced our planned exit from the Employer Group Commercial Medical Products business, which includes all fully insured, self-funded and Federal Employee Health Benefit medical plans, as well as associated wellness and rewards programs.

Following a strategic review, we determined the Employer Group Commercial Medical Products business was no longer positioned to sustainably meet the needs of commercial members over the long term or support our long-term strategic plans.

We anticipate the exit of this line of business to be finalized in the first half of 2025.

For in-force group commercial medical customers and members, our commercial products included a broad spectrum of major medical benefits with multiple in-network coinsurance levels and annual deductible choices that employers of all sizes offered to their employees on either a fully-insured, through HMO, PPO, or POS plans, or self-funded basis.

Our plans integrated clinical programs, plan designs, communication tools, and spending accounts.

Our ASO products were offered to small group and large group employers who self-insured their employee health plans.

We received fees to provide administrative services which generally included the processing of claims, offering access to our provider networks and clinical programs, and responding to customer service inquiries from members of self-funded employers.

These products might have included all of the same benefit and product design characteristics of our fully-insured HMO, PPO, or POS products described previously.

Under ASO contracts, self-funded employers generally retained the risk of financing the costs of health benefits, with large group customers retaining a greater share and small group customers a smaller share of the cost of health benefits.

All small group ASO customers and many large group ASO customers purchased stop loss insurance coverage from us to cover catastrophic claims or to limit aggregate annual costs.

Military Services

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These services may lead to lower utilization associated with improved member health and/or lower drug costs.

For information on our intersegment revenues, refer to Note 18 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.

information on our intersegment revenues, refer to Note 18 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.

The following table presents our services revenue for the CenterWell segment by line of business for the year ended December 31, 2025:

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Our pharmacy solutions business includes the operations of CenterWell Pharmacy (our mail-order pharmacy business), CenterWell Specialty Pharmacy, and other retail pharmacies located within CenterWell Primary Care clinics for brand, generic, specialty drugs, over the counter medications and supplies, as well as hospice pharmacy drugs.

We operate full-service, value-based senior focused primary care centers in a number of states, including Georgia, Florida, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia staffed by primary care providers and medical specialists with a primary focus on the senior population under our Primary Care Organization, or PCO.

PCO operates these clinics primarily under the Conviva Senior Primary Care and CenterWell Senior Primary Care brands.

We operate full-service, value-based senior focused primary care centers in a number of states, including Arizona, Georgia, Florida, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia staffed by primary care providers and medical specialists with a primary focus on the senior population under our primary care business.

Our primary care business operates these clinics primarily under the Conviva Senior Primary Care and CenterWell Senior Primary Care brands.

Our primary care subsidiaries operate our medical center business through both employed physicians and care providers, and through third-party management service organizations with whom we contract to arrange for and manage certain clinical services.

PCO currently operates 344 primary care clinics and employs approximately 1,000 primary care providers.

PCO serves approximately 390,500 patients, primarily under risk sharing arrangements with Humana Medicare Advantage health plans, third-party Medicare Advantage health plans and CMS administered risk sharing arrangements for Original Medicare.

PCO also operates a Medical Services Organization, or MSO, through Conviva and CenterWell that coordinates medical care for Medicare Advantage beneficiaries across multiple states.

Our primary care business currently operates 350 primary care clinics and employs approximately 1,300 primary care providers.

Primary care serves approximately 491,100 patients, primarily under risk sharing arrangements with Humana Medicare Advantage health plans, third-party Medicare Advantage health plans and CMS administered risk sharing arrangements for Original Medicare.

Our primary care business also operates a management services organization, or MSO, through Conviva and CenterWell that coordinates medical care for Medicare Advantage beneficiaries across multiple states.

This MSO provides resources in care coordination, financial risk management, clinical integration and patient engagement that help physicians improve the patient experience as well as care outcomes.

PCO’s MSO collaborates with physicians, medical groups and integrated delivery systems to successfully transition to value-based care by engaging, partnering and offering practical services and solutions.

In 2020, our Primary Care Organization entered into a strategic partnership with Welsh, Carson, Anderson & Stowe, or WCAS, to accelerate the expansion of our primary care model.

In May 2022, we established a second strategic partnership with WCAS to develop additional centers between 2023 and 2025.

As of December 31, 2024, there were 133 primary care clinics operating under the partnership and we have capacity to open or acquire up to approximately 20 additional centers through the existing partnership agreements.

Primary care’s MSO collaborates with physicians, medical groups and integrated delivery systems to successfully transition to value-based care by engaging, partnering and offering practical services and solutions.

Our primary care business previously entered into a strategic partnership with Welsh, Carson, Anderson & Stowe, or WCAS, to accelerate the expansion of our primary care model through the development of clinics.

As of December 31, 2025, there were 146 primary care clinics operating under the partnership.

For additional information, refer to Note 4 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.

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OneHome manages a full range of post-acute patient needs, integrating and coordinating with physicians, hospitals and health plans for the provision of home health and infusion services as well as the distribution of durable medical equipment, or DME, at patients’ homes.

On August 11, 2022, we completed the sale of a 60% interest in Gentiva (formerly Kindred) Hospice, to Clayton, Dubilier & Rice, or CD&R.

Upon closing, Gentiva Hospice was restructured into a new stand-alone company.

We continue to own approximately 35% minority ownership in Gentiva Hospice operations.

For additional information on the sale of Gentiva Hospice, refer to Note 3 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.

We completed the sale of a 60% interest in Gentiva Hospice on August 11, 2022 and we account for our remaining minority ownership in Gentiva Hospice using the equity method of accounting.

At December 31, 2025 and 2024, we owned approximately 35%.

For additional information on our ownership interest of Gentiva Hospice, refer to Note 4 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K.

Insurance Medical Membership

3 unchanged sentences

alone PDP Medicare Supplement State-

contracts and other Commercial fully-insured Commercial ASO Military services Total Percent

contracts and other Military services Total Percent

Florida 1,006.2 11.1 112.8 24.0 569.9 — 1,724.0 11.5 %

Texas 437.9 4.8 148.2 63.2 — — 654.1 4.4 %

North Carolina 321.8 174.3 78.6 6.1 — — — — 580.8 3.60 %

Georgia 338.7 2.9 67.4 14.2 — — — — 423.2 2.60 %

Kentucky 131.3 74.3 184.9 19.3 205.4 — 615.2 4.1 %

North Carolina 253.0 179.4 87.3 7.6 — — 527.3 3.5 %

Ohio 192.0 17.4 80.1 28.3 179.4 — 497.2 3.3 %

Tennessee 209.4 13.5 74.5 8.7 47.0 — — — 353.1 2.20 %

Illinois 206.3 38.3 74.7 8.2 14.1 — — — 341.6 2.10 %

Louisiana 194.1 7.8 49.4 3.8 139.3 — 394.4 2.6 %

California 119.3 4.2 134.8 26.9 0.1 — — — 285.3 1.70 %

Illinois 224.9 41.6 98.0 11.7 12.8 — 389.0 2.6 %

Virginia 158.7 2.7 104.2 9.9 105.2 — 380.7 2.5 %

Georgia 272.8 2.8 77.6 22.0 — — 375.2 2.5 %

Tennessee 191.8 12.8 90.1 10.9 62.9 — 368.5 2.5 %

Oklahoma 74.1 3.3 52.3 11.1 185.5 — 326.3 2.2 %

Michigan 176.6 29.8 77.2 11.8 — — 295.4 2.0 %

California 133.8 4.1 110.0 45.8 — — 293.7 2.0 %

Indiana 158.0 18.8 64.8 13.1 32.5 — 287.2 1.9 %

South Carolina 170.9 0.4 29.6 12.5 37.1 — 250.5 1.7 %

Virginia 185.1 2.7 73.8 6.9 — — — — 268.5 1.60 %

New York 142.1 9.7 56.2 8.0 — — — — 216.0 1.30 %

Michigan 174.5 30.2 53.0 7.2 — — 1.6 — 266.5 1.60 %

Wisconsin 82.7 8.1 67.1 5.7 55.3 — 218.9 1.5 %

Mississippi 142.9 0.4 49.8 5.1 — — — — 198.2 1.20 %

Washington 103.0 15.2 71.0 8.5 5.5 — 203.2 1.4 %

Pennsylvania 80.4 10.0 65.9 17.6 19.7 — 193.6 1.3 %

Alabama 97.4 29.0 50.6 7.7 — — 184.7 1.2 %

Arizona 121.5 0.9 51.9 7.9 — — 182.2 1.1 %

4 unchanged sentences

We provide our members with access to health care services through our networks of health care providers whom we employ or with whom we have contracted, including hospitals and other independent facilities such as outpatient surgery centers, primary care providers, specialist physicians, dentists, and providers of ancillary health care services and facilities.

These ancillary services and facilities include laboratories, ambulance services, medical

equipment services, home health agencies, mental health providers, rehabilitation facilities, nursing homes, optical services, and pharmacies.

These ancillary services and facilities include laboratories, ambulance services, medical equipment services, home health agencies, mental health providers, rehabilitation facilities, nursing homes, optical services, and pharmacies.

Our membership base and the ability to influence where our members seek care generally enable us to obtain contractual discounts with providers.

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We typically process all claims and measure the financial performance of our capitated providers and require guarantees in certain instances.

we delegated claim processing functions under capitation arrangements covering approximately 304,400 members, including 303,500 individual Medicare Advantage members, or 14.4%, of the 2,114,900 individual Medicare Advantage members covered under shared risk value-based contracts at December 31, 2024, with the provider assuming substantially all the risk of coordinating the members’ health care benefits.

However, we delegated claim processing functions under capitation arrangements covering approximately 299,900 members, including 299,100 individual Medicare Advantage members, or 15.4%, of the 1,947,900 individual Medicare Advantage members covered under shared risk value-based contracts at December 31, 2025, with the provider assuming substantially all the risk of coordinating the members’ health care benefits.

Capitation expense under delegated arrangements for which we have a limited view of the underlying claims experience was approximately $3.7 billion, or 3.3%, of total benefits expense, for the year ended December 31, 2025.

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Our accreditation assessment program consists of several internal programs, including those that credential providers and those designed to meet the audit standards of federal and state agencies as well as external accreditation standards.

We also offer quality and outcome measurement and improvement programs such as the Health Care Effectiveness Data and Information Set, or HEDIS, which is used by employers, government purchasers and the National Committee for Quality Assurance (NCQA) to evaluate health plans based on various criteria, including effectiveness of care and member satisfaction.

We also offer quality and outcome measurement and improvement programs such as the Health Care Effectiveness Data and Information Set, or HEDIS, which is used by employers, government purchasers

and the National Committee for Quality Assurance (NCQA) to evaluate health plans based on various criteria, including effectiveness of care and member satisfaction.

Providers participating in our networks must satisfy specific criteria, including licensing, patient access, office standards, after-hours coverage, and other factors.

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We have achieved and maintained NCQA health plan accreditation in many of our Medicare and Medicaid markets.

Humana’s pharmacy organization is accredited by URAC.

Humana’s subsidiary, CenterWell Pharmacy, Inc., holds accreditations from URAC.

Sales and Marketing

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We provide centralized intercompany services to each of our health plans and to our business segments from our headquarters and service centers.

These services include management information systems, product development

and administration, finance, human resources, accounting, law, public relations, marketing, insurance, purchasing, risk management, internal audit, actuarial, underwriting, claims processing, billing/enrollment, and customer service.

These services include management information systems, product development and administration, finance, human resources, accounting, law, public relations, marketing, insurance, purchasing, risk management, internal audit, actuarial, underwriting, claims processing, billing/enrollment, and customer service.

Through intercompany service agreements approved, if required, by state regulatory authorities, Humana Inc., our parent company, charges a services fee for reimbursement of certain centralized services provided to its subsidiaries to the extent that Humana Inc.

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Our Culture, Engagement and Approach to Work

We believe that our members’ experience is linked to our associates’ experience and that engaged, productive associates are the key to building a healthy company and a caring environment where our associates go above and beyond for our members, driving innovation, and offering fulfilling experiences that incentivizes them to stay with us over the long-term.

We believe that our members’ experience is linked to our associates’ experience and that engaged, productive associates are the key to building a healthy company and caring environment where our associates go above and beyond for our members, driving innovation, and offering fulfilling experiences that incentivizes them to stay with

us over the long-term.

We provide opportunities for our associates to add to their personal well-being experiences that go beyond health to enhance their individual need for purpose, belonging and security.

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We believe that voluntary turnover rate (VTR) is an important indicator of workforce satisfaction as we strive for our associates to choose us over other opportunities.

During 2024, our VTR was 14.4%, representing an increase from 13.4% in 2023.

During 2025, our VTR was 13.8%, representing a decrease from 14.4% in 2024.

We regularly measure our success and seek opportunities to advance engagement through an Annual Engagement Survey, or AES, and continuous listening campaigns.

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By regularly surveying samples of our workforce, we are able to continuously assess our effectiveness and act when needed, which in turn helps to strengthen our culture and support associate engagement.

We aim to conduct a confidential, third-party administered AES on an annual basis and encourage all of our associates to participate.

The AES is an in-depth survey covering eighteen dimensions that align to the Company’s strategy and employee engagement.

We aim to conduct our confidential, third-party administered AES on an annual basis and encourage all of our associates to participate.

The AES is an in-depth survey covering a variety of dimensions that align to the Company’s strategy and associate engagement.

We aggregate survey results, provide them to our entire associate population and encourage leaders to use the information to create open, honest action plans with their teams to build upon our collective engagement.

Pay and Benefits Philosophy, Compensation and Financial Security

W e believe all of our associates have the right to receive a competitive wage and we are committed to maintaining a pay and benefits philosophy that is market-based and recognizes an associate’s contributions so that we can attract and retain an engaged, talented team.

Further, we believe in fostering a fair and inclusive work environment, one where all associates receive equitable pay for their contributions.

We believe a fair and transparent workplace is essential for associate trust and engagement.

To that end, our Company advances pay transparency and equity to ensure compensation decisions are unbiased, competitive and aligned with our commitment to support every associate’s success.

Each year, we conduct a comprehensive pay equity/gap analysis to identify and address potential pay disparities between associates performing similar work in similar capacities.

Our pay and benefits structure is designed to motivate, incentivize and reward our associates, at all levels of the organization, for their skill development, demonstration of our values and performance.

Our pay and benefits structure is designed to attract, motivate, incentivize, retain, and reward our associates, at all levels of the organization, for their skill development, demonstration of our values and performance fostering an engaged and talented team.

Our Total Rewards program complements these efforts by providing competitive compensation, robust benefits and resources that support health, financial security and work-life balance.

While our programs vary by location, associate type and business, they generally include:

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• Paid internship

• Charitable gift matching program

• Health savings account (HSA) and flexible savings account (FSA) contributions

• Comprehensive financial well-being programs and support, including an employer-sponsored personal emergency savings account with matching funds from the Company

• Health savings account (HSA) and flexible savings account (FSA) contributions

• Life insurance

• Charitable gift matching program

• Medical, dental and vision benefits

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Talent Development and Growth Opportunities

We are committed to promoting continuous learning and growth by offering employees a comprehensive range of resources to enhance their skills and advance their careers.

Our professional development initiatives ensure employees have access to tools, mentorship and opportunities that enable them to succeed in their current roles and prepare for future growth opportunities, thereby strengthening our organization and driving innovation.

We are committed to promoting continuous learning and growth by offering associates a variety of resources to enhance their skills and advance their careers.

Our professional development initiatives ensure associates have access to tools, mentorship and opportunities that enable them to succeed in their current roles and prepare for future growth opportunities, strengthening our organization and driving innovation.

We also offer our associates education and certification program assistance through partner organizations, and reduce or eliminate cost barriers to support achievement of their educational and career goals.

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Rechtin 55 President and Chief Executive Officer, Director 01/24 (1)

Vishal Agrawal, M.D.

50 Chief Strategy and Corporate Development Officer 12/18 (2)

Dintenfass 55 President, Enterprise Growth 02/24 (2)

Felter 42 Senior Vice President, Chief Accounting Officer and Controller 08/22 (3)

Martin 56 President, Medicare Advantage 01/26 (4)

Mehta 45 Chief Information Officer 02/25 (5)

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Rechtin was President of OptumCare in 2019 after serving in multiple senior-level roles at Davita Medical Group from 2014 to 2019.

Agrawal currently serves as Chief Strategy and Corporate Development Officer, having joined the Company in December 2018.

Prior to joining the Company, Dr.

Agrawal was Senior Advisor for The Carlyle Group L.P., having held that position from October 2017 to December 2018.

Previously, Dr.

Agrawal was President and Chief Growth Officer of Ciox Health, the largest health information exchange and release of information services organization in the U.S.

from December of 2015 to October 2018.

Prior to joining Ciox Health, Dr.

Agrawal served as President of Harris Healthcare Solutions from January 2013 to December 2015.

Dintenfass currently serves as President, Enterprise Growth, having joined the Company in February 2024.

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Felter spent nearly 11 years in multiple roles of increasing responsibility at Ernst & Young LLP where he oversaw large audit engagements for public and private entities with a concentration in the health insurance sector.

Martin currently serves as President, Medicare Advantage, having been elected to this position in January 2026.

Prior to joining the Company, Mr.

Martin served as Vice President, Healthcare for Amazon.com, Inc.

for four years from 2022 through 2025.

Previously, Mr.

Martin was employed at Providence St.

Joseph Health, where held roles of increasing responsibility from 2014 through 2022, and most recently served as EVP, Chief Digital Officer and Managing General Partner for Providence Ventures.

Mehta currently serves as Chief Information Officer, having been elected to this position in February 2025.

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O’Hara held various roles of increasing responsibility at SAIC that included talent acquisition, integrated talent management, total rewards and human resources.

Renaudin currently services as President, Insurance, having been elected to this position in October 2024 from his prior role as President, Medicare & Medicaid.

Renaudin currently serves as President, Insurance, having been elected to this position in October 2024 from his prior role as President, Medicare & Medicaid.

Renaudin joined the Company in April 2004 and since then has held various leadership roles of increasing responsibility, including previously holding the position of President, Medicare.

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business