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UnitedHealth's 2Q profit climbs 13 percent

Tue, 07/19/2011 - 2:45am
The Associated Press

UnitedHealth Group says its second-quarter profit rose 13 percent, as the health insurer saw strong revenue gains in several categories and benefited from a moderation in health system use.

The Minnetonka, Minn., insurer says it earned $1.27 billion, or $1.16 per share, in the three months that ended June 30. That's up from $1.12 billion, or 99 cents per share, in the same quarter last year. Revenue rose 8 percent to $25.23 billion.

Analysts surveyed by FactSet forecast earnings of 90 cents per share on $25.22 billion in revenue.

UnitedHealth is the largest health insurer based on revenue and the first to report earnings every quarter. Many see the company as a bellwether for managed care companies.

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