UnitedHealth’s Results Indicate Care Deferral Trend Is Waning

UnitedHealth Group on Oct. 14 reported that its adjusted earnings per share (EPS) was $3.51 for the third quarter, beating the Wall Street consensus of $3.11. According to a company news release, UnitedHealth brought in $65.1 billion in the third quarter, representing an 8% increase year over year. However, the $3.51 adjusted EPS for the third quarter of this year is a 10% drop from last year’s third-quarter EPS.

Like other health insurers, UnitedHealth has benefited from reduced care utilization due to the COVID-19 pandemic: in the second quarter, the company posted a 70.2% medical loss ratio (MLR) (HPW 7/20/20, p. 3). In an Oct. 15 investor note, Citi analyst Ralph Giacobbe pointed out that the firm’s reported third-quarter MLR was 81.9%, lower than the Wall Street consensus projection of 83.6%.

0 Comments
© 2022 MMIT
Peter Johnson

Peter Johnson

Peter has been a reporter for nearly a decade. Before joining AIS Health, Peter covered a wide variety of topics in his hometown of Seattle, where he continues to live. Peter’s work has appeared in publications including The Atlantic and The Stranger. Peter attended Colby College.

Related Posts

worried-man-with-ipad
May 13

Insurers Are Helping Patients, Providers Deal With Medical Debt

READ MORE
mom-holding-a-baby
May 13

Medicaid Plans Get Ready for Yearlong Postpartum Care

READ MORE
stock
May 13

Cigna Eases Investor Fears With Better Medical Cost, Membership

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today