August 1, 2018 / 10:44 AM / 3 months ago

Health insurer Humana's profit falls 70 pct on charge

Aug 1 (Reuters) - Humana Inc's profit fell 70 percent in the second quarter, the health insurer said on Wednesday as it took a charge related to the sale of a unit.

Humana said net income fell to $193 million, or $1.39 per share, in the quarter ended June 30, from $650 million, or $4.46 per share, a year earlier.

The company said it recognized a pretax loss of $790 million on the sale of its KMG America Corp unit. (Reporting by Ankur Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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