Favorable medical cost trends helped UnitedHealth Group Inc. increase third-quarter net earnings 21%.[@@]
UnitedHealth, Minneapolis, Minn., is reporting $842 million in net income for the latest quarter on $11 billion in revenue, up from $698 million in net income on $9.9 billion in revenue from the third quarter of 2004.
The company ended the latest quarter providing or administering health coverage for 13 million people, up from 12.4 million a year earlier.
Third-quarter operating earnings improved over third-quarter 2004 totals at every company division that reports its earnings separately, according to UnitedHealth Chairman Dr. William McGuire.