UnitedHealth Group reports Q3 GAAP net earnings up at US$5.3B from US$4.1B a year ago, with revenue up 12% year-over-year to US$80.9B; UnitedHealth adds 185,000 people served during quarter, with medical care ratio hitting 81.6% from 83.0% last year

Sample article from our Tissue & Hygiene

MINNETONKA, Minnesota , October 20, 2022 (press release) –

Revenues of $80.9 Billion Grew 12% Year-Over-Year, with Diversified Growth across Optum and UnitedHealthcare

Earnings from Operations were $7.5 Billion

Cash Flows from Operations were $18.5 Billion; Adjusted Cash Flows from Operations were $8.8 Billion, 1.6x Net Income 

Net Earnings $5.55 Per Share; Adjusted Earnings $5.79 Per Share

Strong and well-balanced performance continued across UnitedHealth Group (NYSE: UNH) in the third quarter of 2022.

“The strength of our performance reflects the diligence and determination of our colleagues to improve people’s experience across the health care system and make high-quality care simpler, more accessible and more affordable,” said Andrew Witty, chief executive officer of UnitedHealth Group.

Growth in the third quarter was driven by continued expansion in the number of people served throughout UnitedHealthcare and in the value-based care initiatives at Optum Health. The company increased its full year 2022 net earnings outlook to $20.85 to $21.05 per share and adjusted net earnings to $21.85 to $22.05 per share. 

 

 

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