Brian A. Kane
and everyone. morning, good you, Thank Bruce,
guidance $X.X Bruce raised reported $XX.XX We expectations. the approximately from for $X.XX approximately EPS we midpoint guidance our to to our the our adjusted ahead full-year which and due of continued third As of financial flow our we of by a today XXXX EPS at billion, is guidance range increased EPS billion performance. $XX.XX, $X.X adjusted to adjusted to previous mentioned, $XXX previous better-than-expected approximately quarter, million of primarily cash operating
first half significantly hospital continue Our third led for Retail favorably our initial results including are to with XXXX, Consistent Medicare recent admissions expectations are of pricing our Advantage trends, running and and utilization our the business. forecast by year, spend, our exceed MA to medical relative the quarter in assumptions. most pharmacy line with
points. of segment development running to better-than-anticipated now basis prior $XXX for pre-tax Accordingly, to Retail Group X% of our range million minus the segment our is segment XX Specialty Trend outperformed expectations plus consecutive period of our of or target due trends. In this $XXX million. $XXX raised $XXX from to results, million second quarter our a low we end previous our the primarily to and strong significantly expectations, initial and million a to at favorable for addition utilization producing range
deliver to XX.XX% XX.XX%. innovative range our The previous the of on focus marketplace. ratio expectation also productivity Specialty on results products of in consistently that Group XX.XX% segment compared due a to range our and XX.X% strong to team's the and continues solid benefit We decreased to to to offering resonate
pleased this from We return with segment. are the investment generate on we
to $XXX As $XXX for new Walmart this profits by continue our in integration our stand-alone Healthcare flow target range we while Today, reflects from continues importantly, members excellence see of the of discussed our delivering million pre-tax clinical quarter, and, to Humana to lower-than-expected mail segment we for million business the generate PDP lines, trend order slightly for target benders Services the last cash insurance steady our model and to and utilization, million. we particularly previous our $XXX million to segment parent to offering. $XXX lowered
our recent ACA-compliant segment we approximately pre-tax previous do adjusted lower-than-expected we to reflect to quarter, as the utilization our regard Individual up in our expect the share excluded prior Order Commercial EPS, million, approximately payments, well with are significant of Individual which material results last to business. us. income now results, not period these our Commercial million. cost impact from expect positive $XX from estimate be reduction With development $XXX for as Turning Consistent of of Executive segment
including take our AEP collective marketing results as with their in our opportunity in that significant invest This year higher work. had compensation, As has us enabled so our to reward future, for we've results performance-based outperformance to these spend. also far, outperformance great a arrangements compensation higher demonstrate, excellent the associates
to a sustainable In reduce beyond. addition, as Bruce costs XXXX discussed, administrative we for in and actions way have significant taken
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just has these cost our quarter X,XXX including range. Retirement impact our forecast of of of that in face had XXXX, XXXX diluted in investments involuntary previous operating organization now We of EPS. recorded expect align Program XXXX to charges result share a above voluntary This approximately roles hard and us Program programs, Lastly, which XXXX, excluded to streamline workforce. that efforts make X% a in return In ratio of associated for headwinds, third open to has the significant Delivery Care work HIF. the Early particular, employees, of the our and believe a continue evolve Reduction end an has or we've a culmination and to been Fee, we or these both decisions, from with expected of we positioned solid our as the or initiating higher higher Health slightly certain some Integrated associates' adjusted to our for the and Strategy $X.XX than initially the Insurance per with Bruce the articulated, closing are the and resulted difficult year expected has Workforce common to end our of at during under
While specific quarter call, some direction and higher-level now fourth our with I'll membership. about we commentary do XXXX not provide begin next I intend to year. offer will guidance until
Annual one Election cautious, results Advantage, are Individual Period sales competitive into only but are We we the for our our positioning. month and albeit very early with encouraged, Medicare
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and the whose offers made the in over regard low-income priced level. Carolina, Plan the you resulting in PDP regional in Enhanced contribution of leading low-priced are a to our benchmark, us bid which the growth that low-income to auto-assigned South anticipated, plans, members PDP Plan carrier to individual country. at proved Basic Plan, In As three Walmart likely loss an be among breakeven we extraordinary aware, has others, and our the priced we With those including Florida our Plan, Humana Basic a serves, members, margin states. a
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the PDP profitability on Walmart XXXX will order to making now lower impact impact a will plan. expect our growth business, this rates we projected few the mail meaningful, financial I our Plan performance. of the Pharmacy will not growth industry-leading While turn high-level insurance the comments regarding given be in
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will and costs headwind Group the timing exit due are result renewals $X.XX. of segment the Individual the approximately a there And on calendar-year Specialty Commercial group costs basis. timing not associated with timing certain stranded have result the Additionally, HIF HIF from to from the are on that that a differences business represent a our that issue headwind January business X, Together, stranded XXXX. Individual and of finally,
deployment, offset is and in of the our they to above productivity relatively in impact programs. expect risk taking clinical Medicare the are members initiatives engaged and is important profitability M&A. are year both recall described new are for through headwinds capital appropriately initial that the these muted It We documented Advantage we the and to repurchase share on through before
largely last Turning important EPS. a our now quarter's over achieved the need approximately which several EPS growth It well last baseline of that we call, is discussed in is long-term excess that EPS we on $XX, with to note begin also to range adjusted of unchanged. have the Recall to years.
versus XXXX, which than anticipate XXXX, which given practice, our greater earnings can slightly we wider would be slightly range more did in guiding historical uncertainty line create in MA we Additionally, with in forecasts. XXXX should our growth in more a to anticipated
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discuss have to the closed Insurance business, this non-strategic have Care our like where economic by the we for subject of quarter briefly remaining terms Term the reserve Long sale to capital of anticipate of the on $XXX company Upon no anticipate benefit of GAAP Humana transfer significant announced transaction a of $XXX includes would I than strengthening block close into approvals. with consummation, recently sale. the the third transaction net of we associated offset by more be treatment said, on should approximately of subsidiary, in positive we an Finally, sale, non-cash together to of will with business. XXXX closing result million including deal expected the do estimated the million as seen exposure the of agreement, of to parent savings last over will conditions, to cash contributed is charges. with cash That $X.XX regulatory the customary million, the some $XXX the loss tax EPS, the expected approximately number million the years. estimated which $XXX We statutory Based or sell
caller. your impact on please waiting first sale loss With Operator, yourself the to the business. the sale, or a the for company not does Excluding questions. the up lines queue, open in introduce to anticipate question. limit fairness that, we you we'll of one the material that In to in XXXX the earnings XXXX ask from those
