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UnitedHealth Reports Higher 2nd Quarter Net Income

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NU Online News Service, July 18, 5:01 p.m. – UnitedHealth Group Inc., Minnetonka, Minn., is reporting $325 million in net income for the second quarter on $6.1 billion in revenue, up from $223 million in net income on $5.8 billion in revenue for the second quarter of 2001.

Operating income, which excludes income taxes, increased to $523 million, from $384 million.

UnitedHealth ended the quarter providing or administering major medical coverage for 17 million people, up from 16.5 million people a year earlier.

UnitedHealth did not separate insurance premium revenue from administrative fee revenue, but total Health Care Services revenue averaged $821 per insured commercial customer, up 9.4% from the average for the second quarter of 2001.