News Headlines Article

UnitedHealth 4Q profit drops, still tops Street 4Q forecasts
San Francisco Chronicle

UnitedHealth Group closed 2015 with a 19 percent drop in fourth-quarter profit, but the nation’s largest health insurer still topped Wall Street’s expectations thanks in part to growth outside of its core insurance business. The Minnetonka, Minnesota, company said Tuesday that operating earnings from its Optum segment jumped 50 percent in the quarter and now makes up nearly 40 percent of the company’s annual total. Health insurance is UnitedHealth’s main business, but it has been leaning more on its Optum segment for growth, especially as it takes financial hits from coverage it sells on the Affordable Care Act’s public insurance exchanges.