UnitedHealth Beats Quarterly Estimates Building On 5 ‘Growth Pillars’ – $UNH $DIA

By John F. Heerdink, Jr.

Reportedly, UnitedHealth Group Incorporated’s (UNH) quarterly earnings exceeded estimates with adjusted earnings increasing 18.5% versus a year earlier to $5.57 per share, and 36 cents ahead of estimates. Revenue grew 12.6% to $80.33 billion, clearing estimates of $79.68 billion.

“Customers are responding as we build on our five growth pillars, enabling us to move into the second half of 2022 with strong momentum serving ever more people more deeply,” stated CEO Andrew Witty.

The medical cost ratio paid benefits as a share of premiums dropped to 81.5% versus 82.8% in the year-ago quarter. The company added 55,000 Medicare Advantage members and 180,000 Medicaid members, while domestic commercial membership increased by 80,000. The healthcare giant raised full-year earnings guidance to a range of $21.40 to $21.90, up from $21.20 to $21.70.

Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. To learn more about (UNH) please visit the Vista Partners Company Dedicated UNH Coverage Page.

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