© Reuters. FILE PHOTO: The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake
(Reuters) -UnitedHealth Group Inc beat market estimates for quarterly profit on Thursday on strong demand for its health insurance business and growth in its health-services unit Optum.
The insurance industry bellwether said members in its Medicare Advantage (MA) health plans for people older than 65 or with disabilities increased by 900,000 in 2021.
The comments could allay investor concerns over the MA insurance plans, which are funded by the U.S. government but administered by private insurers like UnitedHealth (NYSE:), after rival Humana Inc (NYSE:) slashed its 2022 membership growth view.
UnitedHealth reported adjusted earnings of $4.48 per share, beating analysts’ estimates of $4.31 per share, according to IBES data from Refinitiv.
It reiterated its previously given forecast of adjusted profit of $21.10 to $21.60 per share in 2022.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment