UnitedHealth Group Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reaffirms Earnings Guidance for the Full Year Ending December 31, 2019
January 15, 2019 at 05:55 am
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UnitedHealth Group Incorporated reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenues of $58,417 million compared to $52,061 million a year ago. Earnings from operations was $4,497 million compared to $3,977 million a year ago. Earnings before income taxes was $4,123 million compared to $3,669 million a year ago. Net earnings attributable to UnitedHealth Group common shareholders was $3,040 million compared to $3,617 million a year ago. Diluted earnings per share attributable to UnitedHealth Group common shareholders was $3.10 compared to $3.65 a year ago.
For the year ended December 31, 2018, the company reported total revenues of $226,247 million compared to $201,159 million a year ago. Earnings from operations was $17,344 million compared to $15,209 million a year ago. Earnings before income taxes was $15,944 million compared to $14,023 million a year ago. Net earnings attributable to UnitedHealth Group common shareholders was $11,986 million compared to $10,558 million a year ago. Diluted earnings per share attributable to UnitedHealth Group common shareholders was $12.19 compared to $10.72 a year ago.
The company affirmed its outlook for the year ending December 31, 2019, including net earnings of $13.70 to $14.00 per share, adjusted net earnings of $14.40 to $14.70 per share, and cash flows from operations of $17.3 billion to $17.8 billion. It expects GAAP net earnings attributable to UnitedHealth Group common shareholders to be $13,350 to $13,700 million and adjusted net earnings attributable to UnitedHealth Group common shareholders to be $14,040 to $14,390 million for the year 2019.
UnitedHealth Group Inc. is one of the leading American suppliers of healthcare products and services. Income breaks down by activity as follows:
- health insurance (57.4%; UnitedHealthcare);
- prescription insurance plan management services (39.3%; Optum Health and Optum Rx): administrative management (reimbursement management, patient claim processing, etc.), drug distribution, decision-making information, sales of medical information management services, etc.;
- provision of computer services (3.3%; Optum Insight): consulting, development, and integration of solutions for transaction management, healthcare plan management, data processing, etc.
UnitedHealth Group Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reaffirms Earnings Guidance for the Full Year Ending December 31, 2019