(Bloomberg) -- UnitedHealth Group Inc., the largest U.S. health insurer, raised its 2015 forecast after posting first-quarter profit that topped analysts’ estimates as it added customers and its Optum technology unit boosted revenue.
Earnings, excluding certain items, will be $6.15 to $6.30 a share, the Minnetonka, Minnesota-based insurer said Thursday in a statement. The company had said as recently as last month that 2015 profit would be $6 to $6.25 a share. Analysts had estimated $6.21, on average, according to data compiled by Bloomberg.
UnitedHealth has been adjusting to new taxes and regulations under the Patient Protection and Affordable Care Act, known as Obamacare. The insurance operation has benefited from an expansion of coverage, though profit margins can be narrower in government-funded programs like Medicaid.
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.
