abrooklyn
5月前
UnitedHealth Group Reports Third Quarter 2024 Results
Source: Business Wire
Revenues of $100.8 Billion Grew $8.5 Billion Year Over Year
Consumers Served by UnitedHealthcare’s Commercial Domestic Offerings Grew 2.4 Million Year to Date
Third Quarter Earnings of $6.51 Per Share Include Cyberattack Impacts
Adjusted Earnings of $7.15 Per Share Include $0.12 in Business Disruption Impacts; Exclude $0.28 Direct Response Costs
UnitedHealth Group (NYSE: UNH) reported third quarter 2024 results reflecting broad-based growth in the number of people served by Optum and UnitedHealthcare.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015234962/en/
UnitedHealth Group corporate headquarters (Photo: Business Wire)
UnitedHealth Group corporate headquarters (Photo: Business Wire)
“Our continued growth, which positions us well for the coming years, is rooted in the innovative products and responsive service of our people that are embraced each day across the full range of health care participants,” said Andrew Witty, chief executive officer of UnitedHealth Group.
The company’s full year 2024 net earnings outlook of $15.50 to $15.75 per share reflects the South America operations disposition activities reported in the first half of 2024 and Change Healthcare cyberattack impacts.
The company’s adjusted net earnings outlook of $27.50 to $27.75 continues within the $27.50 to $28.00 range established nearly a year ago, even as it absorbs an estimated $0.75 per share of business disruption impacts for the affected Change Healthcare services, which have increased ~$0.10 per share from the estimate provided last quarter.
Quarterly Financial Performance
Three Months Ended
September 30,
2024
September 30,
2024 (Adj)
September 30,
2023
December 31,
2023
Revenues
$100.8 billion
$100.8 billion
$92.4 billion
$94.4 billion
Earnings from Operations
$ 8.7 billion
$ 9.0 billion
$ 8.5 billion
$ 7.7 billion
Net Margin
6.0%
6.3%
6.3%
5.8%
Third quarter 2024 revenues grew nearly $8.5 billion to $100.8 billion, led by strong expansion in people served at Optum and UnitedHealthcare. Third quarter earnings from operations were $8.7 billion, including $0.3 billion in unfavorable cyberattack effects. Adjusted earnings from operations of $9.0 billion include the Change Healthcare business disruption impacts and exclude the cyberattack direct response costs.
The third quarter 2024 medical care ratio was 85.2% compared to 82.3% last year. Among factors contributing to the increase were the previously noted CMS Medicare funding reductions, medical reserve development effects and business and member mix. The company did not have any favorable earnings impacting medical reserve development in the quarter.
Days claims payable of 47.4 compared to 45.2 in the second quarter of 2024 and 50.7 in the third quarter of 2023. The increase from the second quarter 2024 was due to a return to more normal claims submission patterns from care providers. The change from the year ago level reflected continued impact due to the accelerated claims payment timeframes.
The third quarter of 2024 operating cost ratio of 13.2% compares to 13.3% in the second quarter of 2024 and 15.0% in the prior year, reflecting continued strong operating cost efficiency.
Cash flows from operations from the third quarter of 2024 were $14.0 billion, or 2.2 times net income, in part reflecting the timing of cash receipts. The company returned over $9.6 billion to shareholders through the first nine months of 2024 through dividends and share repurchases. Return on equity of 26.3% in the quarter reflected the company’s consistent, broad-based earnings and efficient capital structure.
UnitedHealthcare provides health care benefits globally, serving individuals and employers, and Medicare and Medicaid beneficiaries. UnitedHealthcare is dedicated to improving the value customers and consumers receive by improving health and wellness, enhancing the quality of care received, simplifying the health care experience, and reducing the total cost of care.
Quarterly Financial Performance
Three Months Ended
September 30,
2024
September 30,
2023
December 31,
2023
Revenues
$74.9 billion
$69.9 billion
$70.8 billion
Earnings from Operations
$ 4.2 billion
$ 4.6 billion
$ 3.1 billion
Operating Margin
5.6%
6.6%
4.4%
UnitedHealthcare third quarter revenues of $74.9 billion increased $5 billion over the prior year, reflecting growth in the number of people served domestically. Operating earnings were $4.2 billion.
Year to date, the number of consumers served domestically with the company’s commercial offerings grew by 2.4 million to 29.7 million, as UnitedHealthcare’s innovative and consumer-focused product portfolio continues to resonate with consumers and employers.
UnitedHealthcare serves 9.4 million seniors and people with complex needs and the company’s 2025 Medicare Advantage plans will reach 96% of eligible Medicare beneficiaries. Recently released Stars scores by CMS for plan year 2026 are consistent with initial levels for plan year 2025 and company expectations.
Total people served by the company’s state-based community offerings grew from the second quarter to 7.5 million, as the state-driven Medicaid eligibility redeterminations process concluded. The UnitedHealthcare team is continuing its comprehensive outreach to help families maintain, reinstate, or find other affordable coverage.
The Optum health services businesses serve the global health care marketplace, including payers, care providers, employers, governments, life sciences companies and consumers. Using market-leading information, analytics and technology to yield clinical insights, Optum helps improve overall health system performance by optimizing care quality, reducing care costs and improving the consumer experience.
abrooklyn
7月前
UnitedHealth Group Board Authorizes Payment of Quarterly Dividend
Source: Business Wire
The UnitedHealth Group (NYSE: UNH) board of directors has authorized payment of a cash dividend of $2.10 per share, to be paid on September 24, 2024, to all shareholders of record of UNH common stock as of the close of business September 16, 2024.
About UnitedHealth Group
UnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Visit UnitedHealth Group at www.unitedhealthgroup.com and follow UnitedHealth Group on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240807859542/en/
Media:
Eric Hausman
Eric.Hausman@uhg.com
952-936-3963
Investors:
Zack Sopcak
Zack.Sopcak@uhg.com
952-936-7215
abrooklyn
1年前
https://www.unitedhealthgroup.com/newsroom/2023/2023-10-13-uhg-reports-third-quarter-results.html
UnitedHealth Group Reports Third Quarter Results
October 13, 2023 | 5 min Read
Share:
Revenues of $92.4 Billion Grew 14% Year-Over-Year
Earnings from Operations Grew 14%
Cash Flows from Operations were $6.9 Billion
Earnings were $6.24 Per Share, Adjusted Earnings $6.56 Per Share
UnitedHealth Group (NYSE: UNH) reported third quarter 2023 performance led by broad-based growth at Optum and UnitedHealthcare.
“As a result of our colleagues’ steadfast focus on helping people access and receive the care they need, we are well-positioned to help even more people and continue to generate strong, diversified growth in the coming years,” said Andrew Witty, chief executive officer of UnitedHealth Group.
Growth in the third quarter was driven by the continuing increase in the number of people served by Optum and UnitedHealthcare and the broadening scope of services offered. The company strengthened the range of its full year 2023 net earnings outlook to $23.60 to $23.75 per share and adjusted net earnings to $24.85 to $25.00 per share.
abrooklyn
2年前
https://www.cnbc.com/2023/07/14/unitedhealth-group-unh-earnings-q2-2023.html
UnitedHealth stock jumps after earnings top estimates despite rising medical costs
UnitedHealth Group’
s stock price jumped Friday after the health-care conglomerate reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations despite rising medical costs.
The results eased investor concerns after the Minnesota-based company flagged a surge in demand for non-urgent surgeries and outpatient services last month and spooked the market.
Shares of UnitedHealth closed up more than 7% Friday. The stock is down more than 9% so far this year, however.
UnitedHealth Group is the biggest health-care company in the U.S. by market cap and revenue, and is even bigger than the nation’s largest banks. Given its size, UnitedHealth Group is considered a bellwether for the broader health insurance sector. Its market value was around $447 billion as of Friday’s close.
Here’s what UnitedHealth Group reported compared with Wall Street’s expectations, based on a survey of analysts by Refinitiv:
Earnings per share: $6.14 adjusted vs. $5.99 expected
Revenue: $92.9 billion vs. $91.01 billion expected
UnitedHealth Group reported a net income of $5.47 billion, or $5.82 per share, for the quarter. That compares with $5.07 billion, or $5.34 per share, for the same period a year ago. Excluding certain items, the company’s adjusted earnings per share were $6.14 for the period.
The company reported total revenue of $92.9 billion for the quarter, up 16% from the same period a year ago. That excludes $33.6 billion in “eliminations,” which are payments from the company’s UnitedHealthcare business to its other division, Optum. UnitedHealth Group can’t record those transactions as revenue because it is paying itself.
UnitedHealthcare, which provides insurance coverage and benefits services to more than 50 million people, saw second-quarter revenue grow 13% from a year ago to $70.2 billion.
The company’s other platform, Optum, saw revenue increase nearly 25% from a year ago to $56.3 billion. Optum offers health services and runs one of the largest pharmacy benefit managers, or middlemen who negotiate drug discounts with drug manufacturers on behalf of health insurers and large employers.
Optum’s growth was helped in part by UnitedHealth Group’s roughly $8 billion acquisition of the health care technology company Change Healthcare.
It was also driven by a more than 900,000 year-over-year increase in the number of patients served by Optum’s health services business under value-based care arrangements.
UnitedHealth Group raised the low end of its full-year adjusted earnings outlook to $24.70 to $25.00 per share, from a previous forecast of $24.50 to $25.00 per share.
The company’s medical cost ratio – the percentage of payout on claims compared with premiums – came in at 83.2%. Analysts had estimated that ratio would be 83.3% for the quarter, according to FactSet.
The medical cost ratio is up almost 2% from the same period a year ago. UnitedHealth Care said that was driven by the previously noted uptick in elective surgeries and outpatient care activity, primarily among seniors.
“To illustrate, in the second quarter, outpatient care activity among seniors was a few hundred basis points above our expectations,” UnitedHealth Group CFO John Rex said during an earnings call.
Rex noted that much of that care has come from seniors who are getting heart procedures and hip and knee replacements at outpatient clinics, reiterating his previous remarks at the Goldman Sachs health-care conference last month.
UnitedHealth Group expects its medical cost ratio to “be a little bit lower” in the third quarter compared with the second quarter, Rex said during the call.
He added that the company also expects the medical cost ratio in the third quarter to be “higher marginally” than it will be in the fourth quarter, noting that it’s “just a seasonality factor.”
But overall, the company expects the “general pacing of care activity to remain consistent,” according to Rex.
Insurance companies have benefited in recent years from a delay in nonurgent procedures due to hospital staffing shortages and the pandemic, which saw hospitals inundated with Covid patients. Hospitals at that time were widely seen as too risky to enter for elective procedures.
But UnitedHealth Group executives indicated that the trend may be reversing.
Squawk on the Street
WATCH LIVElogo
UP NEXT | Squawk on the Street 11:00 am ET
logo
TV
Squawk on the Street
WATCH LIVElogo
UP NEXT | Squawk on the Street 11:00 am ET
Listen
TRENDING NOW
The White House has announced a ban on some U.S. investment in China in sensitive technologies such as computer chips in the latest ratcheting up of Washington's disassociation from Beijing amid perceived national security risks.
With eyes on Taiwan, new China ban shows the U.S. may be learning lessons from mistakes with Russia
Dr. Howard Tucker has been practicing medicine since 1947.
At 101 years old, I’m the ‘world’s oldest practicing doctor’: My No. 1 rule for keeping your brain sharp
Harvard psychologist: If you use any of these 9 phrases, ‘you’re more emotionally resilient than most’
Traders work the floor of the New York Stock Exchange in New York City on May 31, 2023.
Dow rises 100 points as investors try to shake hot inflation report
A UPS driver pulls away after making a delivery in Washington, D.C.
abrooklyn
2年前
UnitedHealth Group Reports First Quarter Results
April 14, 2023
Share:
Revenues of $91.9 Billion, Grew 15% Year-Over-Year
Earnings from Operations Grew 16%
Cash Flows from Operations were $16.3 Billion; Adjusted Cash Flows from Operations were $5.1 Billion
Earnings were $5.95 Per Share, Adjusted Earnings $6.26 Per Share
MINNETONKA, Minn.: UnitedHealth Group (NYSE: UNH) reported first quarter 2023 results reflecting consistent broad-based growth at Optum and UnitedHealthcare.
“Our strong, enterprise-wide growth this quarter is a direct result of our colleagues’ unwavering commitment to offering more health services to more people and connecting consumers with greater access to high-quality, affordable care,” said Andrew Witty, chief executive officer of UnitedHealth Group.
Growth in the first quarter was led by serving more people across the enterprise and the company’s expanding capabilities to care for them more comprehensively. The company increased its full year net earnings outlook to $23.25 to $23.75 per share and adjusted net earnings to $24.50 to $25.00 per share.
https://www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2023/UNH-Q1-2023-Release.pdf
abrooklyn
2年前
UnitedHealth on Pace for Largest Percent Increase Since July 2022, Best Performer in the DJIA So Far Today -- Data Talk
Source: Dow Jones News
UnitedHealth Group Incorporated (UNH) is currently at $494.72, up $22.13 or 4.68%
--Would be highest close since Feb. 17, 2023, when it closed at $499.08
--On pace for largest percent increase since July 15, 2022, when it rose 5.44%
--Currently up three consecutive days; up 6.03% over this period
--Best three day stretch since the three days ending July 19, 2022, when it rose 6.17%
--Down 6.69% year-to-date
--Down 10.89% from its all-time closing high of $555.15 on Oct. 31, 2022
--Down 3.00% from 52 weeks ago (April 4, 2022), when it closed at $510.02
--Down 10.89% from its 52-week closing high of $555.15 on Oct. 31, 2022
--Up 9.44% from its 52-week closing low of $452.06 on June 17, 2022
--Traded as high as $494.85; highest intraday level since Feb. 21, 2023, when it hit $501.40
--Up 4.71% at today's intraday high; largest intraday percent increase since July 15, 2022, when it rose as much as 5.88%
--Best performer in the DJIA today
--Contributed 145.85 points to the DJIA so far today
All data as of 2:19:28 PM ET
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 03, 2023 14:39 ET (18:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Hot Features
プレミアム
登録して無料でリアルタイムの株価、インタラクティブチャート、ライブオプションフローなどを入手してください。
Monksdream
2月前
BottomBounce
2月前
Mr. Dragon
2月前
Lime Time
3月前
ka ching
3月前
EarningsCentral
4月前
Nebuchadnezzar
8月前
Canna_Business
3年前
whytestocks
4年前
T695
4年前
TFMG
5年前
DCALongRun
6年前
nowwhat2
6年前
stocktrademan
7年前
