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Diversified Health & Well-Being Company UnitedHealth Group Releases Q4 Earnings – $UNM $DIA

By John F. Heerdink, Jr.

As per reports, UnitedHealth Group Incorporated (UNH) reported Q4 earnings & exceeded Wall Street’s quarterly profit estimates. The beat was powered in part by lower medical costs due to fewer elective surgeries. Health insurers also gained as people who were afraid of contracting the virus and avoided hospital visits for routine and elective medical procedures during the height of the pandemic.

The company reported adjusted earnings of $2.52 per share beating estimates of $2.41 per share. A medical loss ratio (the percentage of premiums paid out for medical service) of 79.1% was reported in the fourth quarter, improving from 82.5% a year earlier. UnitedHealth maintained its 2021 profit forecast from December and expects adjusted net earnings of $17.75 to $18.25 per share, including a $1.80 per share hit due to treatment and testing costs related to Covid-19.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: UnitedHealth profit beats on lower medical costs due to deferred care in CNBC)


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