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UNH » Topics » Summary Operating Information

This excerpt taken from the UNH 10-Q filed Mar 6, 2007.

Summary Operating Information

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
      2006     2005     Percent
Change		     2006     2005     Percent
Change		  

(In millions, except per share data)

       

Revenues

    $ 17,863     $ 11,379     57 %   $ 35,444     $ 22,526     57 %

Earnings from Operations

    $ 1,667     $ 1,262     32 %   $ 3,140     $ 2,460     28 %

Net Earnings

    $ 981     $ 769     28 %   $ 1,872     $ 1,505     24 %

Diluted Net Earnings Per Common Share

    $ 0.70     $ 0.58     21 %   $ 1.33     $ 1.13     18 %

Medical Care Ratio

      81.6 %     80.3 %       81.8 %     80.2 %  

Operating Cost Ratio

      13.9 %     15.0 %       14.1 %     15.2 %  

Return on Equity (annualized)

      22.1 %     29.0 %       21.0 %     28.2 %  

Operating Margin

      9.3 %     11.1 %       8.9 %     10.9 %  

UnitedHealth Group acquired PacifiCare in December 2005 for total consideration of approximately $8.8 billion. The results of operations and financial condition of PacifiCare have been included in UnitedHealth Group’s consolidated financial statements since the respective acquisition date. On January 1, 2006, UnitedHealth Group began providing Medicare Part D prescription drug insurance coverage. The acquisition of PacifiCare and the new Medicare Part D product offering impact the comparability of results for the three and six months ended June 30, 2006 financial information to the prior year. We adopted FAS 123R, as of January 1, 2006 using the modified retrospective transition method, under which all prior period financial statements are required to be restated to recognize compensation cost in the amounts historically disclosed in our Consolidated Financial Statements under FAS 123, “Accounting for Stock-Based Compensation” (FAS 123).

 

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Table of Contents
This excerpt taken from the UNH 10-Q filed Mar 6, 2007.

Summary Operating Information

 

   

Three Months Ended

September 30,

    

Nine Months Ended

September 30,

  

(In millions, except per share data)

   2006     2005    

Percent

Change

     2006     2005    

Percent

Change

  

Revenues

   $ 17,970     $ 11,613     55 %   $ 53,414     $ 34,139     56 %

Earnings from Operations

   $ 1,863     $ 1,323     41 %   $ 5,003     $ 3,783     32 %

Net Earnings

   $ 1,112     $ 800     39 %   $ 2,984     $ 2,305     29 %

Diluted Net Earnings Per Common Share

   $ 0.80     $ 0.61     31 %   $ 2.13     $ 1.73     23 %

Medical Care Ratio

     81.1 %     79.7 %       81.6 %     80.0 %  

Operating Cost Ratio

     13.5 %     15.3 %       13.9 %     15.2 %  

Return on Equity (annualized)

     23.7 %     29.1 %       21.8 %     28.4 %  

Operating Margin

     10.4 %     11.4 %       9.4 %     11.1 %  

UnitedHealth Group acquired PacifiCare in December 2005 for total consideration of approximately $8.8 billion. The results of operations and financial condition of PacifiCare have been included in UnitedHealth Group’s consolidated financial statements since the respective acquisition date. On January 1, 2006, UnitedHealth Group began providing Medicare Part D prescription drug insurance coverage. The acquisition of PacifiCare and the new Medicare Part D product offering impact the comparability of the three and nine months ended September 30, 2006 financial information to the prior year. We adopted FAS 123R, as of January 1, 2006 using the modified retrospective transition method, under which all prior period financial statements are required to be restated to recognize compensation cost in the amounts historically disclosed in our consolidated financial statements under FAS 123, “Accounting for Stock-Based Compensation”.

This excerpt taken from the UNH 10-Q filed Nov 4, 2005.

Summary Operating Information

 

    

Three Months Ended

September 30,

    

Nine Months Ended

September 30,

  

(In millions, except per share data)

    2005
     2004
    

Percent

Change

     2005
     2004
    

Percent

Change

  

Revenues

    $ 11,322     $ 9,859     15 %   $ 33,320     $ 26,707     25 %

Earnings from Operations

    $ 1,378     $ 1,092     26 %   $ 3,944     $ 2,913     35 %

Net Earnings

    $ 842     $ 698     21 %   $ 2,430     $ 1,848     31 %

Diluted Net Earnings Per Common Share.

    $ 0.64     $ 0.52     23 %   $ 1.83     $ 1.43     28 %

Medical Care Ratio

      79.4 %     80.5 %           79.9 %     80.8 %      

Medical Care Ratio, excluding AARP

      78.3 %     79.3 %           78.7 %     79.5 %      

Operating Cost Ratio

      14.9 %     15.1 %           14.8 %     15.5 %      

Return on Equity (annualized)

      31.0 %     30.7 %           30.1 %     32.3 %      

Operating Margin

      12.2 %     11.1 %           11.8 %     10.9 %      

 

EXCERPTS ON THIS PAGE:

10-Q
Mar 6, 2007
10-Q
Mar 6, 2007
10-Q
Nov 4, 2005

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