UnitedHealth 2Q Profits Surge 5.5% to $1.3B

UnitedHealth Group (pdf) continued its sound financial growth as the health insurer posted a profit of $1.34 billion in the second quarter of fiscal year 2012.

This past quarter's profit was 5.5 percent higher than the $1.27 billion posted in the same quarter a year ago.

UnitedHealth, the country's largest health insurer in both revenue and enrollment, recorded second quarter revenue of $27.3 billion — an 8 percent increase from the $25.2 billion in the second quarter of 2011. UnitedHealthcare, the main subsidiary of UnitedHealth, accounted for $25.5 billion of the total revenue.

For the six months ended June 30, 2012, UnitedHealth reported $2.73 billion in profit and $54.5 billion in revenue, both higher than the first six months of 2011. UnitedHealth increased its outlook for the rest of 2012, expecting revenues to surpass $110 billion and net earnings to fall in a range of $4.90 to $5 per share.

More Articles on UnitedHealth Group:

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