UnitedHealth 2Q profit up as enrollment improves

Associated Press + More

MINNETONKA, Minn. (AP) — UnitedHealth Group Inc.'s second-quarter net income rose almost 8 percent, buoyed by steady enrollment growth.

The nation's largest health insurer's earnings topped Wall Street estimates. It also raised the low end of its full-year earnings forecast Thursday.

The Minnetonka, Minn. company earned $1.44 billion, or $1.40 per share, in the three months ended June 30. That's up from $1.34 billion, or $1.27 per share, a year earlier.

Revenue climbed 12 percent to $30.41 billion from $27.27 billion.

Analysts expected earnings of $1.25 per share on $30.52 billion in revenue.

Enrollment increased by 3 million people, with a total enrollment of 45 million for the quarter.

UnitedHealth now expects full-year earnings of $5.35 to $5.50 per share. Previously, the company predicted $5.25 to $5.50 per share.

Wall Street foresees earnings of $5.43 per share.

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