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UNH » Topics » Additional $7 Billion in Share Repurchase Targeted by Year End 2008

This excerpt taken from the UNH 8-K filed Oct 18, 2007.

Additional $7 Billion in Share Repurchase Targeted by Year End 2008

MINNEAPOLIS (October 18, 2007) – UnitedHealth Group (NYSE: UNH) achieved solid results in the third quarter of 2007, including expanded operating margins and continued strong cash flows and earnings.

Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “Our diversified health care service enterprise continued to perform well, with strong results from businesses such as AmeriChoice in Medicaid, Evercare in specialized senior programs, SecureHorizons in Medicare Advantage, Golden Rule in individual insurance and Ingenix in health informatics. We have expanded our network of care providers, meaningfully strengthened service performance for customers and care providers, increased our engagement with health system stakeholders, and are poised for a strong fourth quarter launch of AARP-branded Medicare products for 2008.”

 

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Reported cash flows from operations were $0.5 billion. A further explanation of this non-GAAP measure and reconciliation to the comparable GAAP measure is included in the attached financial schedules.

 

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