Breaking News
Jul 14, 2023
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UnitedHealth Group soared 6.8% to $478.29 after the insurance company reported better-than-expected earnings on lower-than-expected costs and rising premiums.
Net income in the quarter increased to $5.47 billion from $5.07 billion and diluted earnings per share rose to $5.82 from $5.34 a year ago.
Medical care ratio in the quarter increased to 83.2% from 81.5% a year ago
The insurance company lifted its adjusted annual earnings estimate to between $24.70 and $25.0 from the previous estimate between $24.0 and $25.0.
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