Insurance

Thursday, January 17, 2013

UnitedHealth fourth-quarter profit fell 1.6%

UnitedHealth


In the fourth quarter of 2012 UnitedHealth Group Inc., The largest company in the U.S. sphere of health insurance, reduced net income by 1.6% - to $ 1.24 billion, or $ 1.20 per share, from $ 1.26 billion, or $ 1, 17 per share, for the same quarter a year earlier, according to a press release from the insurer.
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Analysts polled by Bloomberg, predicted that the net profit of $ 1.20 per share.

UnitedHealth quarterly revenue increased from October to December to $ 28.8 billion from $ 25.9 billion in the fourth quarter of 2011.

Net profit for 2012 was $ 5.5 billion, or $ 5.28 a share, from $ 5.1 billion, or $ 4.73 a share, a year earlier. Annual revenue rose to $ 110.6 billion from $ 101.9 billion

In 2012, the company repurchased 57 million of its own shares for $ 3.1 billion and paid dividends to shareholders in the amount of $ 820 million, which is 26% higher dividend in 2011.

The insurer confirmed the forecast of 26 November, which includes a profit of 2013 in the range of $ 5,25-5,50 per share.
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UnitedHealth shares rose by 1.8% over the past 12 months. The company's first major U.S. insurers published their reports, January 23 for the quarter will report WellPoint Inc. - The second largest insurance company in the United States.


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