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This excerpt taken from the UNH 8-K filed Jul 21, 2009. UNITEDHEALTH GROUP REPORTS SECOND QUARTER RESULTS
MINNEAPOLIS (July 21, 2009) – UnitedHealth Group (NYSE: UNH) reported positive second quarter results today, including growth in revenues and net earnings per share and a continued strong financial position. Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “Our employees continue to deliver value to our customers in this challenging economic environment. This quarter was characterized by continued strong execution, a sharp focus on costs and quality service, elevated engagement on health care reform, continued innovation in the marketplace and further diversification of our business.” The Company improved its 2009 earnings outlook to $3.00 to $3.15 per share from the previous outlook range of $2.90 to $3.15 per share. The Company continues to project full year 2009 cash flows from operations of approximately $5 billion.
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Management views year-over-year comparisons of results to generally be more meaningful than sequential comparisons, given the seasonality of revenues, medical expenses, operating costs and earnings from operations in business lines such as Medicare Part D drug programs, high deductible insurance products and health informatics offerings. This excerpt taken from the UNH 8-K filed Apr 21, 2009. UNITEDHEALTH GROUP REPORTS FIRST QUARTER RESULTS
MINNEAPOLIS (April 21, 2009) – UnitedHealth Group (NYSE: UNH) today reported strong first quarter results, including better-than-projected earnings and cash flows from operations, a strong balance sheet position, solid revenue growth, and financial metrics broadly in line with or ahead of Company expectations. Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “First quarter 2009 results were driven by our continued focus on fundamental performance and execution. More broadly, we continue to deliver ever greater health care value through innovation, service and effective cost and care management for the people we serve.” The Company continues to project full year 2009 cash flows from operations of approximately $5 billion and net earnings in the range of $2.90 to $3.15 per share, with the broad range reflecting the uncertainty in the overall economic environment.
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Management views year-over-year comparisons of results to be generally more meaningful than sequential comparisons, given the seasonality of revenues, medical expenses, operating costs and earnings from operations in important business lines such as Medicare Part D drug programs, high deductible insurance products and health informatics offerings. This excerpt taken from the UNH 8-K filed Oct 16, 2008. UNITEDHEALTH GROUP REPORTS THIRD QUARTER RESULTS
MINNEAPOLIS (October 16, 2008) – UnitedHealth Group (NYSE: UNH) today reported third quarter results, which included strong cash flows from operations, a strong balance sheet position, growth in membership across almost every category during the quarter and key financial metrics in line with Company expectations. Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “The Company’s solid results reflect the early benefits of a series of actions we initiated to improve our performance. Efforts to strengthen local market execution and improve stakeholder relationships are being well received and have strong potential for longer-term gains. Other steps, such as reducing our operating cost structure and improving the positioning of 2009 benefits for most senior product offerings should have a continuing favorable effect on 2009 performance.” Third quarter net earnings per share included the absorption of $0.03 per share in estimated costs to conclude a legal matter and $0.02 per share in net capital losses on investments, offset by a $0.02 per share benefit from a change in the estimate of the net costs to settle two class action lawsuits related to the Company’s historical stock option matters. The Company projects net earnings in the range of $0.77 to $0.80 per share in the fourth quarter of 2008.
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Management views year-over-year comparisons of results to be generally more meaningful than sequential comparisons, given the seasonality of revenues, medical expenses, operating costs and earnings from operations in important business lines such as Medicare Part D drug programs, high deductible insurance products and health informatics offerings. This excerpt taken from the UNH 8-K filed Jul 22, 2008. UNITEDHEALTH GROUP REPORTS SECOND QUARTER RESULTS
MINNEAPOLIS (July 22, 2008) – UnitedHealth Group (NYSE: UNH) today reported its second quarter results, which included year-over-year gains in people served and revenues. Adjusting for special items, second quarter net earnings per share exceeded the Company’s revised outlook provided in early July 2008. Special items included legal settlements, employee severance costs and the sale of certain Nevada senior market assets.
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UnitedHealth Group – continued Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “During the first and second quarters we initiated important actions to improve our performance, and we are seeing progress on those actions that we expect will strengthen our Company and our future financial results.” Actions taken include leadership and business alignment changes at UnitedHealthcare and Ovations and in certain enterprise functions that strengthen the Company’s level of engagement and stakeholder relationships in local markets, improve responsiveness, and decrease operating costs. Additional steps include benefit revisions for 2009 Medicare offerings that are expected to improve margins in certain Medicare Part D and Special Needs Plan offerings; strengthened commercial market pricing disciplines for risk-based offerings; broad-based efforts to properly match the size of the workforce and the operating cost structure with the current growth profile of our businesses; and substantive progress in addressing historical legal matters. “A number of areas of strength reflect the benefits of our diversified businesses and strategy,” continued Hemsley. “Our public sector Medicaid business is building toward record organic revenue growth in 2009; our fee-based benefits businesses are stable and ahead of original 2008 membership plans; and generic pharmaceutical utilization and mail service usage by customers of our pharmacy benefit management business are up sharply. Our Medicare supplement products are growing steadily and our health information technology and service offerings continue to produce solid growth as well.” This excerpt taken from the UNH 8-K filed Oct 18, 2007. UNITEDHEALTH GROUP REPORTS THIRD QUARTER RESULTS
This excerpt taken from the UNH 8-K filed Jul 19, 2007. UNITEDHEALTH GROUP REPORTS SECOND QUARTER RESULTS
MINNEAPOLIS (July 19, 2007) – UnitedHealth Group (NYSE: UNH) achieved strong results in the second quarter of 2007, including favorable operating margins and continued robust cash flows and earnings. Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “Our uniquely diversified business model enables us to deliver strong and sustainable performance, as reflected in the positive results in earnings and cash flows from operations this quarter. Importantly, we continue to advance distinctive capabilities in such areas as care facilitation, financial services, network development and relationships, and in our ability to help people become more effective health care consumers and achieve better health outcomes. We expect to continue to leverage these capabilities into sustained growth and performance in 2008 and beyond.”
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