UnitedHealth Group Inc. said sales grew in the fourth quarter as the company continued to see diversified revenue growth from health-care plan membership, premiums and its network of health services.
Revenue rose 12.2% to $58.42 billion from a year ago. Analysts polled by Refinitiv were expecting sales of $58.01 billion. Revenue from its UnitedHealthcare segment rose by 11% to $46.2 billion while sales from its Optum segment grew by 13% to 27.6 billion.
The parent of the nation’s largest health insurer said net earnings in the period ended Dec. 31 fell 16% to $3.04 billion, or $3.10 a share, from a year earlier. Analysts expected the company to earn $3.05 a share.
On an adjusted basis, UnitedHealth reported profit of $3.28 a share, compared with analysts’ estimates of $3.21 a share.
UnitedHealth affirmed its guidance for the full year. It expects to report earnings of $13.70 to $14 a share a share, and adjusted earnings of $14.40 to $14.70 a share. It also expects cash flows from operations to be between $17.3 billion and $17.8 billion.
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