Jan. 16 (Bloomberg) — UnitedHealth Group Inc., the biggest U.S. health insurer, said earnings rose 15 percent, boosted by growth in its Optum technology business as well as enrollment gains. The company reaffirmed its 2014 forecast.
Fourth-quarter net income climbed to $1.43 billion, or $1.41 a share, matching analysts' estimates, the Minnetonka, Minnesota-based company said in a statement today. Revenue climbed 8.2 percent to $31.1 billion, the insurer said.
UnitedHealth has limited sales on the insurance exchanges set up by the U.S. health law known as Obamacare. Instead, it's been buoyed by growth in employer and government-funded insurance plans as well as Optum, its technology and consulting unit for hospitals, employers and other clients. Revenue from that business jumped 35 percent to $10.2 billion in the quarter.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
