UnitedHealth Group

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UnitedHealth Group Incorporated NYSE :UNH is a diversified managed health care company headquartered in Minnetonka, Minnesota. USA. UnitedHealth Group offers a spectrum of products and services through two operating businesses: United Healthcare and Optum. Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals nationwide. In 2010, the company posted a net income of $4.6 billion. [ 4 ]

UnitedHealth Group is the parent of United Healthcare. the largest single health carrier in the United States [ 5 ]. It was created in 1977, as UnitedHealthCare Corporation (it was renamed in 1998), but traces its origin to a firm it acquired in 1977, Charter Med Incorporated, which was founded in 1974. In 1979, it introduced the first network-based health plan for seniors. In 1984, it became a publicly traded company.

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UnitedHealth's 4Q profit slips 1 pct as costs rise - Yahoo! Finance

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UnitedHealth Group Inc.'s fourth-quarter net income slipped 1 percent, as a rise in costs from medical claims and other expenses countered revenue gains for the nation's largest health insurer.

The Minnetonka, Minn. company also said Thursday it was reaffirming a forecast for 2013 earnings it made in November. UnitedHealth shares then fell before markets opened for trading.

UnitedHealth earned $1.24 billion, or $1.20 per share, in the three months that ended Dec. 31. That compares with $1.26 billion, or $1.17 per share, in the last quarter of 2011, when the company had more shares outstanding.

Total revenue climbed 11 percent to $28.77 billion, but medical costs grew 12 percent to $20.8 billion.

The insurer normally trumps Wall Street earnings expectations, but this performance matched average analyst forecasts.

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