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Insurer UnitedHealth's 4th-quarter profit jumps 20 percent, helped by enrollment gain
INDIANAPOLIS (AP) ' UnitedHealth Group says its fourth-quarter net income jumped 20 percent, trumping Wall Street expectations, as the insurer saw enrollment and revenue gains.
The company, based in Minnetonka, Minn., says it earned $1.26 billion, or $1.17 per share, in the three months that ended Dec. 31. That's up from $1.04 billion, or 94 cents per share, in the same quarter last year.
Revenue grew 8 percent to $25.92 billion. Enrollment rose 5 percent to 34.6 million people.
Analysts had forecast earnings of $1.03 per share on $25.61 billion in revenue.
UnitedHealth is the largest health insurer based on revenue and the first to report earnings every quarter. Many see the company as a bellwether for managed-care companies.