UnitedHealth's 4Q Profit Jumps Almost 21% to $1.26B

UnitedHealth Group, the largest insurer in the United States and parent company of UnitedHealthcare, recorded a profit of $1.26 billion in the fourth quarter of 2011, up nearly 21 percent from the same quarter in 2010, according to a UnitedHealth (pdf) news release.

UnitedHealth's total revenue in the fourth quarter reached $25.9 billion, up roughly 8 percent from the $24 billion in revenue in the fourth quarter of 2010. Revenues for UnitedHealthcare alone were $24.2 billion in the fourth quarter, up $1.7 billion from last year.

For the entire year ended Dec. 31, 2011, UnitedHealth posted a profit of $5.14 billion, up 11 percent from its 2010 profit of $4.63 billion. UnitedHealth's total revenue for 2011 was $101.9 billion, up 8 percent from the $94.2 billion recorded in 2010.

UnitedHealth Group also recorded a full year 2011 medical loss ratio of 80.8 percent. Under the Patient Protection and Affordable Care Act and the MLR, all health insurers will have to spend at least 80 percent of premiums on medical care.

Related Articles on UnitedHealth Group:

UnitedHealth Group Records Highest CEO-to-Employee Compensation Ratio in 2011

UnitedHealth Group Projects Big 2012 Earnings

UnitedHealth Group Net Earnings Hit $1.3B in 3Q

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