Third-quarter profit at health insurer UnitedHealth Group (pdf) rose 22.5 percent, from $1.27 billion in 2011 to $1.56 billion this year.
The country's largest health insurer recorded a large, consolidated profit in the third quarter mostly due to lower medical claims and, consequently, lower medical costs. Medical costs increased 5.8 percent, from $18.4 billion in the third quarter of 2011 to $19.5 billion this year. UnitedHealth's total revenue in the third quarter, by comparison, increased 8 percent, from $25.3 billion in 2011 to $27.3 billion this year.
For the nine months ended Sept. 30, 2012, UnitedHealth posted a profit of $4.28 billion, compared with $3.88 billion in the first nine months of 2011. Total revenues shot up 7.8 percent, from $75.9 billion in the first nine months of 2011 to $81.8 billion this year.
Earlier this month, UnitedHealth also announced it was expanding its operations abroad, as it intends to buy a 90 percent stake in Amil Participações, the largest hospital and health insurance company in Brazil. The total transaction is valued at $4.3 billion.
The country's largest health insurer recorded a large, consolidated profit in the third quarter mostly due to lower medical claims and, consequently, lower medical costs. Medical costs increased 5.8 percent, from $18.4 billion in the third quarter of 2011 to $19.5 billion this year. UnitedHealth's total revenue in the third quarter, by comparison, increased 8 percent, from $25.3 billion in 2011 to $27.3 billion this year.
For the nine months ended Sept. 30, 2012, UnitedHealth posted a profit of $4.28 billion, compared with $3.88 billion in the first nine months of 2011. Total revenues shot up 7.8 percent, from $75.9 billion in the first nine months of 2011 to $81.8 billion this year.
Earlier this month, UnitedHealth also announced it was expanding its operations abroad, as it intends to buy a 90 percent stake in Amil Participações, the largest hospital and health insurance company in Brazil. The total transaction is valued at $4.3 billion.
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