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UnitedHealth 4Q profit slips 1 pct. as costs rise

January 17, 2013 • Business


In this Tuesday, Oct. 16, 2012, photo, part of the UnitedHealth Group, Inc. campus is shown, in Minnetonka, Minn. UnitedHealth Group Inc.’s fourth-quarter net income slipped 1 percent, as growing medical costs countered revenue gains for the nation’s largest health insurer. The Minnetonka, Minn., company said Thursday, Jan. 16, 2012 it earned $1.24 billion, or $1.20 per share, in the three months that ended Dec. 31. That compares with $1.26 billion, or $1.17 per share, in the last quarter of 2011.(AP Photo/Jim Mone)

UnitedHealth Group Inc.’s fourth-quarter net income slipped 1 percent, as a rise in costs from medical claims and other expenses countered revenue gains for the nation’s largest health insurer.

The Minnetonka, Minn., company also said Thursday it was reaffirming a forecast for 2013 earnings it made in November.

The insurer turned in “a solid quarter with few surprises, but less impressive than the company’s performance earlier in the Login to read more

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