UnitedHealth beats profit expectations in first earnings report since health insurance

“The people of UnitedHealth Group remain focused on making high-quality, affordable health care more available to more people while making the health system easier to navigate for patients and providers, positioning us well for growth in 2025,” said Andrew Witty, the company’s chief executive officer, in a news release.

UnitedHealth Group runs the UnitedHealthcare insurance business, as well as Optum, a large division for health care services including outpatient medical care and pharmacy benefits management.

Thompson was killed while walking to UnitedHealth Group’s annual investor conference.

At the meeting, company officials had started to discuss their newly issued financial guidance for 2025 when word of the shooting started to spread. UnitedHealth Group says it’s expecting an adjusted profit of about $27.1 billion to $27.7 billion on revenue of $450 billion to $455 billion.

UnitedHealth Group on Thursday affirmed the outlook, which Witty last month said was more cautious than normal due in part to pressure in the company’s large Medicare Advantage business.

The fourth quarter results released Thursday were better than year-ago quarterly earnings of $5.46 billion on $94.4 billion in revenue.

This article was originally published by a www.startribune.com . Read the Original article here. .