Wuerth While Wily Wakenings: Giant Health Insurer Humana's Pretax Income Up By 110% in the Second Quarter of 2020 and Up By 67% in the First Half 2020, While All Other Largest Kentucky Companies Total Pretax Income Declined By 82% in the First Half of 2020. And Humana's Second Quarter 2020 Pretax Income Was More THAN FOUR TIMES Such Profit of the Next Nine Largest Kentucky Companies Combined. There is Something Seriously Wrong With Humana Posting Windfall Profits During Covid-19 While a Clear Majority of All Other Kentucky Companies Earnings Tank and Also While So Many Kentuckians Are Suffering Economically. In All Fairness, Humana Should Be Kicking Back Its Windfall Profits During Covid-19 to Its Health Insurance Customers Who Overpaid Their Health Insurance Premiums During Covid-19. The Problem is the That Powerful Mitch McConnell has His Favorite Company Humana's Back But Not the Backs of Kentuckians and Others Who Paid For Humana's Windfall Profits During Covid-19.

Wednesday, September 9, 2020

Giant Health Insurer Humana's Pretax Income Up By 110% in the Second Quarter of 2020 and Up By 67% in the First Half 2020, While All Other Largest Kentucky Companies Total Pretax Income Declined By 82% in the First Half of 2020. And Humana's Second Quarter 2020 Pretax Income Was More THAN FOUR TIMES Such Profit of the Next Nine Largest Kentucky Companies Combined. There is Something Seriously Wrong With Humana Posting Windfall Profits During Covid-19 While a Clear Majority of All Other Kentucky Companies Earnings Tank and Also While So Many Kentuckians Are Suffering Economically. In All Fairness, Humana Should Be Kicking Back Its Windfall Profits During Covid-19 to Its Health Insurance Customers Who Overpaid Their Health Insurance Premiums During Covid-19. The Problem is the That Powerful Mitch McConnell has His Favorite Company Humana's Back But Not the Backs of Kentuckians and Others Who Paid For Humana's Windfall Profits During Covid-19.

From a review of Company SEC filings and the Google Finance website, I found 10 Kentucky Companies with stock market caps of above $1 bil in mid-June 2020. Of these 10 Kentucky Companies, 9 of them had June 2020 quarter ends and one had a July 2020 quarter end.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 10 Kentucky Companies.

		US	US	US	US	US	US
		GAAP	GAAP	GAAP	GAAP	GAAP	GAAP
		Pretax	Pretax	Pretax	Pretax	Pretax	Pretax
		Income	Income	Income	Income	Income	Income
		(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
		Second	Second	First	First	First	First
		Quarter	Quarter	Quarter	Quarter	Half	Half
Kentucky Largest Companies		2020	2019	2020	2019	2020	2019
Stock Market Caps Above $1 Bil	City HQs	mils $	mils $	mils $	mils $	mils $	mils $

Humana	Louisville	2,586	1,229	717	746	3,303	1,975
… % Change From Prior Year Quarter		110%		-4%		67%

Apellis Pharmaceuticals	Crestwood, KY / Waltham, MA	(119)	(71)	(169)	(51)
Ashland Global Holdings	Covington, KY / Wilmington, DE	62	22	(585)	46
Brown Forman	Louisville	366	228	166	206
Churchill Downs	Louisville	(32)	147	(34)	18
Papa John's Intl	Louisville	27	10	12	(1)
Tempur Sealy	Lexington	33	59	85	46
Texas Roadhouse	Louisville	(48)	54	15	61
Valvoline	Lexington	78	85	88	80
Yum! Brands	Louisville	257	377	95	299

Total all 9 Kentucky Cos … No Humana		624	911	(327)	704	297	1,615
… % Change From Prior Year Quarter		-32%		-146%		-82%