Exhibit 99.2

Explanatory Note

During the first quarter of 2015, we realigned certain of our businesses among our reportable segments to correspond with internal management reporting changes and renamed our Employer Group segment to the Group segment. Our three reportable segments remain Retail, Group and Healthcare Services. The more significant realignments included reclassifying Medicare benefits offered to groups to the Retail segment from the Group segment, bringing all of our Medicare offerings, which are now managed collectively, together in one segment, recognizing that in some instances we market directly to individuals that are part of a group Medicare account. In addition, we realigned our military services business, primarily consisting of our TRICARE South Region contract previously included in the Other Business category, to our Group segment as we consider this contract with the government to be a group account. Selected financial data set forth in this Exhibit 99.2 has been revised from the selected financial data included in "Item 6" to Humana's Annual Report on Form 10-K for the year ended December 31, 2014 (which we refer to as the "2014 Form 10-K") to reflect retrospective application of the new reporting structure and reclassified historical results to conform to the new presentation. Revisions are highlighted in blue font. Selected financial data set forth below has not been revised to reflect events or developments subsequent to February 18, 2015, the date that Humana filed the 2014 Form 10-K. For a discussion of events and developments subsequent to the filing date of the 2014 Form 10-K, please refer to the reports and other information Humana has filed with the Securities and Exchange Commission since that date, including Humana's Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2015 and June 30, 2015.

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ITEM 6. SELECTED FINANCIAL DATA WITH RETROSPECTIVE APPLICATION OF SEGMENTS

	2014 (a)			2013 (b)			2012 (c)			2011			2010 (d)
	(dollars in millions, except per common share results)
Summary of Operating Results:
Revenues:
Premiums	$	45,959		$	38,829		$	37,009		$	35,106		$	32,712
Services	2,164			2,109			1,726			1,360			555
Investment income	377			375			391			366			329
Total revenues	48,500			41,313			39,126			36,832			33,596
Operating expenses:
Benefits	38,166			32,564			30,985			28,823			27,117
Operating costs	7,639			6,355			5,830			5,395			4,380
Depreciation and amortization	333			333			295			270			245
Total operating expenses	46,138			39,252			37,110			34,488			31,742
Income from operations	2,362			2,061			2,016			2,344			1,854
Interest expense	192			140			105			109			105
Income before income taxes	2,170			1,921			1,911			2,235			1,749
Provision for income taxes	1,023			690			689			816			650
Net income	$	1,147		$	1,231		$	1,222		$	1,419		$	1,099
Basic earnings per common share	$	7.44		$	7.81		$	7.56		$	8.58		$	6.55
Diluted earnings per common share	$	7.36		$	7.73		$	7.47		$	8.46		$	6.47
Dividends declared per common share	$	1.11		$	1.07		$	1.03		$	0.75		$	—
Financial Position:
Cash and investments	$	11,482		$	10,938		$	11,153		$	10,830		$	10,046
Total assets	23,466			20,735			19,979			17,708			16,103
Benefits payable	4,475			3,893			3,779			3,754			3,469
Debt	3,825			2,600			2,611			1,659			1,669
Stockholders’ equity	9,646			9,316			8,847			8,063			6,924
Cash flows from operations	$	1,618		$	1,716		$	1,923		$	2,079		$	2,242
Key Financial Indicators:
Benefit ratio	83.0		%	83.9		%	83.7		%	82.1		%	82.9		%
Operating cost ratio	15.9		%	15.5		%	15.1		%	14.8		%	13.2		%
Membership by Segment:
Retail segment:
Medical membership	8,376,500			6,459,300			5,956,700			5,117,400			3,985,600
Specialty membership	1,165,800			1,042,500			948,700			782,500			510,000
Group segment:
Medical membership	5,430,200			5,501,600			5,573,400			5,500,600			5,733,600
Specialty membership	6,502,700			6,780,800			7,136,200			6,532,600			6,517,500
Other Businesses:
Medical membership	35,000			23,400			558,700			566,600			567,400
Consolidated:
Total medical membership	13,841,700			11,984,300			12,088,800			11,184,600			10,286,600
Total specialty membership	7,668,500			7,823,300			8,084,900			7,315,100			7,027,500

(a) Includes loss on extinguishment of debt of $37 million ($23 million after tax, or $0.15 per diluted common share) for the redemption of senior notes.

(b) Includes benefits expense of $243 million ($154 million after tax, or $0.99 per diluted common share) for reserve strengthening associated with our non-strategic closed block of long-term care insurance policies.

(c) Includes the acquired operations of Arcadian Management Services, Inc. from March 31, 2012, SeniorBridge Family Companies, Inc. from July 6, 2012, and Metropolitan Health Networks, Inc. from December 21, 2012.

(d) Includes the acquired operations of Concentra Inc. from December 21, 2010. Also includes operating costs of $147 million ($93 million after tax, or $0.55 per diluted common share) for the write-down of deferred acquisition costs associated with our individual commercial medical policies and benefits expense of $139 million ($88 million after tax, or $0.52 per diluted common share) associated with reserve strengthening for our non-strategic closed block of long-term care insurance policies.

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