Net earnings were $1.35 billion, up 13% from $1.19 billion a year ago.
The medical care ratio for the quarter was 81.4 percent.
The company updated its full year financial outlook based on first quarter results and business trends and now forecasts 2011 revenues approaching $101 billion, net earnings in the range of $3.95 to $4.05 per share and cash flows from operations in a range of $5.8 billion to $6.2 billion, according to the release.
Read the release on UnitedHealth Group earnings (pdf).
Read more coverage on UnitedHealth Group:
– UnitedHealth CEO Compensation Falls to $48M in 2010
– Skyrocketing Diabetes Costs Point to Need for More Preventive Care, Largest Insurer Says U
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.