Strong results at Medicare Advantage plans helped earnings at UnitedHealth Group Inc. in the first quarter.
UnitedHealth, Minnetonka, Minn., is reporting $927 million in net income for the latest quarter on $19 billion in revenue, up from $891 million in net income on $18 billion in revenue for the first quarter of 2006.
The managed care company ended the quarter providing or administering health coverage for 17 million people, about as many people as it was serving a year earlier.
Enrollment in health account plans increased to 2.2 million, from 1.6 million.
In other earnings news:
- ULLICO Inc., Washington, a labor-owned multi-line insurer, is reporting $7 million in net income for the fourth quarter of 2006 on $82 million in revenue, compared with $16 million in net income on $88 million in revenue for the fourth quarter of 2005.