Unitedhealth Group Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Affirms Earnings Guidance for the Year 2017
January 17, 2017 at 05:55 am
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UnitedHealth Group reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $47,523 million against $43,599 million a year ago. Earnings from operations were $3,537 million against $2,468 million a year ago. Earnings before income taxes were $3,269 million against $2,208 million a year ago. Net earnings attributable to the common shareholders were $1,904 million or $1.96 per diluted share against $1,218 million or $1.26 per diluted share a year ago. Adjusted net earnings were $2,043 million or $2.11 per diluted share against $1,352 million or $1.40 per diluted share a year ago. Adjusted cash flows from operations were $2,368 million.
For the year, the company reported total revenues of $184,828 million against $157,107 million a year ago. Earnings from operations were $13,280 million against $11,021 million a year ago. Earnings before income taxes were $12,213 million against $10,231 million a year ago. Net earnings attributable to the common shareholders were $7,237 million or $7.48 per diluted share against $5,813 million or $6.01 per diluted share a year ago. Cash flows from operating activities were $9,795 million against $9,740 million a year ago. Purchases of property, equipment and capitalized software were $1,705 million against $1,556 million a year ago. Adjusted net earnings were $7,795 million or $8.05 per diluted share against $6,236 million or $6.45 per diluted share a year ago.
The company affirmed its 2017 financial outlook, including estimated revenues of $197 billion to $199 billion, net earnings of $8.75 to $9.05 per share, adjusted net earnings of $9.30 to $9.60 per share, and cash flows from operations of $11.5 billion to $12 billion.
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 Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Affirms Earnings Guidance for the Year 2017