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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 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.
