• Humana average return on tangible equity for 2023 was 42.65, a 16.13% decline from 2022.
• Humana average return on tangible equity for 2022 was 50.85, a 53.95% decline from 2021.
• Humana average return on tangible equity for 2021 was 33.03, a 14.3% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.