UnitedHealth 3Q Earnings Grow on Higher Revenue
October 14 2021 - 6:44AM
Dow Jones News
By Matt Grossman
UnitedHealth Group Inc. Thursday posted revenue and profit
growth for the third quarter as its membership roles expanded.
The Minnetonka, Minn.-based health insurer logged earnings
attributable to stockholders of $4.28 a share, a rise from $3.30 a
share in last year's third quarter. Total earnings attributable to
shareholders were $4.09 billion, up from $3.17 billion a year
earlier.
Stripping out one-time items, UnitedHealth's adjusted earnings
were $4.52 a share. Analysts surveyed by FactSet had been
forecasting adjusted earnings of $4.41 a share.
Revenue rose to $72.34 billion, up from $65.12 billion in last
year's third quarter. Analysts were anticipating revenue of $71.35
billion.
Premiums rose to $56.97 billion from $50.86 billion a year
earlier.
Revenue from the UnitedHealthcare insurance division grew as
more customers joined. People served is up by 2 million since the
end of last year, the company said.
The Optum health-services business saw revenue rise by 14%. The
recovery in healthcare behavior continued, with prescriptions
handled by OptumRx rising 6% as more people returned to their
doctors' offices compared with earlier in the pandemic,
UnitedHealth said.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 14, 2021 06:29 ET (10:29 GMT)
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