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This excerpt taken from the UNH 8-K filed Dec 19, 2006. RENEWAL MINNEAPOLIS (May 2, 2006) – UnitedHealth Group (NYSE: UNH) announced today that its Board of Directors has renewed its Stock Repurchase Program under which up to 140 million shares of the Company’s common stock may be repurchased. As of March 31, 2006, the Company had approximately 1.4 billion shares of common stock outstanding. The Board views the Stock Repurchase Program as an important tool in the continued creation of shareholder value, given the current and future prospects for UnitedHealth Group’s businesses. This action represents the seventh renewal of the continuing Share Repurchase Program initiated in November 1997. Under the program, the Company has repurchased an aggregate of approximately 880 million shares for an aggregate cost of $15.8 billion and a weighted average cost of $18 per share, on a split-adjusted basis. Share repurchases have totaled more than 36 million shares to date in 2006. UnitedHealth Group said that such purchases may be made from time to time at prevailing prices in the open market, by block purchase or in private transactions and may be discontinued at any time. The repurchases will be subject to restrictions relating to volume, price and timing. The repurchased shares will be available for reissue pursuant to employee stock option and purchase plans and for other corporate purposes. The company will fund repurchases with internally generated funds and existing financing capacity. About UnitedHealth Group UnitedHealth Group (www.unitedhealthgroup.com) is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, Specialized Care Services and Ingenix. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide.
Forward-Looking Statements This news release may contain statements, estimates or projections that constitute “forward-looking” statements as defined under U.S. federal securities laws. Generally the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. A list and description of some of the risks and uncertainties can be found in our reports filed with the Securities and Exchange Commission from time to time, including our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Except to the extent otherwise required by federal securities laws, we do not undertake to publicly update or revise any forward-looking statements. ###
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