UnitedHealth Group reported $14.4 billion in 2024 profits as its UnitedHealthcare health insurance and Optum provider services overcame rising costs and a cyberattack.
UnitedHealth Group has reported quarterly profits of $5.5 billion after tax in its first earnings release since the killing of UnitedHealthcare CEO Brian Thompson in New York City, which sparked a wider debate about the cost of health insurance and medication for the American public.
UnitedHealth posted a better-than-expected fourth-quarter profit, but a nagging rise in medical costs and care utilization surprised Wall Street.
UnitedHealth Group (NYSE:UNH) reported Q4 2024 results on Thursday, indicating a rare quarterly revenue miss while its earnings exceeded expectations despite rising medical expenses. The Minnetonka, Minnesota-based company,
UnitedHealth Group Inc. on Thursday posted higher earnings for the fourth quarter of 2024, but revenue fell short of Wall Street targets.
UnitedHealth earned $5.5 billion in the quarter, as adjusted results totaled $6.81 per share. The company's revenue climbed about 7% to $100.8 billion. Analysts expected earnings of $6.73 per share in the fourth quarter on $101.6 billion in revenue, according to the data firm FactSet.
(Reuters) - UnitedHealth Group reported a fourth-quarter profit on Thursday that beat analysts' estimates.
Analysts expect the Minnetonka, Minnesota-based company to report quarterly earnings at $6.75 per share, up from $6.16 per share in the year-ago period. UnitedHealth projects to report revenue of $101.72 billion for the recent quarter, compared to $94.43 billion a year earlier, according to data from Benzinga Pro.
UnitedHealth Group reported fourth-quarter revenue below Wall Street estimates on Thursday, hurt by weakness in its health insurance unit, sending the healthcare conglomerate's shares down about 3% in
Christopher Snowbeck at the Star Tribune is reporting UnitedHealth Group will appeal an order to pay $165 million in penalties and restitution after a judge found a business acquired by the Eden Prairie-based insurer more than five years ago used deceptive practices to sell benefits that supplement traditional health insurance in Massachusetts.
UnitedHealth's quarterly medical cost ratio — the percentage of premiums spent on medical care — stood at 87.6%, compared with estimates of 85.95%, according to data compiled by LSEG. Companies typically aim for a ratio close to around 80%.