People who didn’t know the late Susan B. Waters or have the opportunity to hear her speak really missed out on one of the leading lights of the insurance...
UnitedHealth Group says its fourth-quarter net income slipped 1 percent, as growing medical costs countered revenue gains for the nation's largest health insurer.
The Minnetonka, Minn., insurer says it earned $1.24 billion, or $1.20 per share, in the three months that ended Dec. 31. That compares with $1.26 billion, or $1.17 per share, in the last quarter of 2011. Total revenue climbed 11 percent to $28.77 billion, but medical costs grew 12 percent to $20.8 billion.
Analysts forecast earnings of $1.20 per share on $28.23 billion in revenue.
The company says it still expects 2013 earnings to range between $5.25 and $5.50 per share. Analysts forecast $5.56 per share.
UnitedHealth is the first insurer to report earnings every quarter. Many see it as a bellwether for other insurers.