UnitedHealth Group to Discuss 2017 Financial Outlook at Investor Conference
November 28 2016 - 4:15PM
Business Wire
UnitedHealth Group (NYSE:UNH) will host its annual Investor
Conference with analysts and institutional investors in New York
City on Tuesday, November 29, 2016, beginning at 8:00 a.m. EST. At
the meeting, senior leaders will discuss the Company’s performance
and outlook, including reviewing business trends and initiatives
related to its various business units.
The Company will host a webcast of the presentation and
management question and answer portions of this meeting and will
make a digital package of conference materials available on its
Investors page at www.unitedhealthgroup.com. A replay of the
conference will be available on the Company web site through
January 2, 2017.
In conjunction with the meeting, the Company will discuss its
financial outlook. Revenues for 2016 are expected to exceed $184
billion, with net earnings of approximately $7.45 per share and
adjusted net earnings of approximately $8.00 per share, consistent
with the Company’s most recent projections. Adjusted net earnings
exclude from net earnings only the noncash amortization expense
pertaining to acquisition-related intangible assets.
For 2017, UnitedHealth Group will introduce outlooks for
revenues of $197 billion to $199 billion, net earnings of $8.75 to
$9.05 per share, and adjusted net earnings of $9.30 to $9.60 per
share. Cash flows from operations are expected to range from $11.5
billion to $12 billion in 2017.
About UnitedHealth Group
UnitedHealth Group (NYSE:UNH) is a diversified health and
well-being company dedicated to helping people live healthier lives
and helping make the health system work better for everyone.
UnitedHealth Group offers a broad spectrum of products and services
through two distinct platforms: UnitedHealthcare, which provides
health care coverage and benefits services; and Optum, which
provides information and technology-enabled health services. For
more information, visit UnitedHealth Group at
www.unitedhealthgroup.com or follow @UnitedHealthGrp on
Twitter.
Non-GAAP Financial
Information
This news release presents non-GAAP financial information
provided as a complement to the results provided in accordance with
accounting principles generally accepted in the United States of
America (“GAAP”). Adjusted net earnings exclude amortization
expense of approximately $0.90 per share and the related tax impact
of $0.35 per share for both the years ended December 31, 2016 and
2017 pertaining to acquisition-related intangible assets.
Forward-Looking
Statements
The statements, estimates, projections, guidance or outlook
contained in this document include “forward-looking” statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 (PSLRA). These statements are intended to take advantage of
the “safe harbor” provisions of the PSLRA. Generally the words
“believe,” “expect,” “intend,” “estimate,” “anticipate,”
“forecast,” “outlook,” “plan,” “project,” “should” and similar
expressions identify forward-looking statements, which generally
are not historical in nature. These statements may contain
information about financial prospects, economic conditions and
trends and involve risks and uncertainties. We caution that actual
results could differ materially from those that management expects,
depending on the outcome of certain factors.
Some factors that could cause actual results to differ
materially from results discussed or implied in the forward-looking
statements include: our ability to effectively estimate, price for
and manage our medical costs, including the impact of any new
coverage requirements; new laws or regulations, or changes in
existing laws or regulations, or their enforcement or application,
including increases in medical, administrative, technology or other
costs or decreases in enrollment resulting from U.S., Brazilian and
other jurisdictions regulations affecting the health care industry;
assessments for insolvent payers under state guaranty fund laws;
our ability to achieve improvement in CMS star ratings and other
quality scores that impact revenue; reductions in revenue or delays
to cash flows received under Medicare, Medicaid and TRICARE
programs, including sequestration and the effects of a prolonged
U.S. government shutdown or debt ceiling constraints; changes in
Medicare, including changes in payment methodology, the CMS star
ratings program or the application of risk adjustment data
validation audits; our participation in federal and state health
insurance exchanges which entail uncertainties associated with mix
and volume of business; cyber-attacks or other privacy or data
security incidents; failure to comply with privacy and data
security regulations; regulatory and other risks and uncertainties
of the pharmacy benefits management industry; competitive
pressures, which could affect our ability to maintain or increase
our market share; changes in or challenges to our public sector
contract awards; our ability to execute contracts on competitive
terms with physicians, hospitals and other service providers;
failure to achieve targeted operating cost productivity
improvements, including savings resulting from technology
enhancement and administrative modernization; increases in costs
and other liabilities associated with increased litigation,
government investigations, audits or reviews; failure to manage
successfully our strategic alliances or complete or receive
anticipated benefits of acquisitions and other strategic
transactions, including our acquisition of Catamaran; fluctuations
in foreign currency exchange rates on our reported shareholders
equity and results of operations; downgrades in our credit ratings;
adverse economic conditions, including decreases in enrollment
resulting from increases in the unemployment rate and commercial
attrition; the performance of our investment portfolio; impairment
of the value of our goodwill and intangible assets in connection
with dispositions or if estimated future results do not adequately
support goodwill and intangible assets recorded for our existing
businesses or the businesses that we acquire; increases in health
care costs resulting from large-scale medical emergencies; failure
to maintain effective and efficient information systems or if our
technology products do not operate as intended; and our ability to
obtain sufficient funds from our regulated subsidiaries or the debt
or capital markets to fund our obligations, to maintain our debt to
total capital ratio at targeted levels, to maintain our quarterly
dividend payment cycle or to continue repurchasing shares of our
common stock.
This list of important factors is not intended to be exhaustive.
We discuss certain of these matters more fully, as well as certain
risk factors that may affect our business operations, financial
condition and results of operations, in our filings with the
Securities and Exchange Commission, including our annual reports on
Form 10-K, quarterly reports on Form 10-Q and current reports on
Form 8-K. Any or all forward-looking statements we make may turn
out to be wrong, and can be affected by inaccurate assumptions we
might make or by known or unknown risks and uncertainties. By their
nature, forward-looking statements are not guarantees of future
performance or results and are subject to risks, uncertainties and
assumptions that are difficult to predict or quantify. Actual
future results may vary materially from expectations expressed or
implied in this document or any of our prior communications. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. We do not undertake
to update or revise any forward-looking statements, except as
required by applicable securities laws.
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UnitedHealth GroupBrett Manderfeld, 952-936-7216Vice
PresidentorJohn S. Penshorn, 952-936-7214Senior Vice
PresidentorMedia:Tyler Mason, 424-333-6122Vice President of
Communications
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