UnitedHealth Group's Earnings Up 13%

Minneapolis-based UnitedHealth Group announced first quarter 2011 revenues of $25.4 billion, up roughly 10 percent from the first quarter of 2010, according to a UnitedHealth news release.

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

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