UnitedHealth Group, Minneapolis, reported a record 31% gain in second-quarter earnings thanks to strong growth across all of its businesses. Net income climbed to $596 million, or 98 cents per share, compared with $439 million, or 74 cents per share, in the year-ago quarter. Revenue rose 23% to $8.7 billion, and the company had an operating margin of 10.9%. UnitedHealth said it anticipates continued strong results in the second half of the year, with revenue growth "poised to accelerate." The company said it expects to complete its acquisition of Oxford Health Plans by Sept. 30, which will expand its offerings in the Northeast. Excluding gains from the Oxford acquisition, UnitedHealth said full-year earnings would be as high as $3.82 per share. The insurer has 9.3 million members. -- by Cinda Becker
Growing UnitedHealth prospers in second quarter
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Recommended for You