Revenue of $112.03 billion topped expectations and the insurer’s 86.7% medical care ratio came in below estimates, easing concern about claims costs.
UnitedHealth Group beat Wall Street expectations for the second quarter, posting adjusted EPS of $6.38 versus the $4.89 analysts expected and revenue of $112.03 billion versus a $110.67 billion estimate. The company also reported a medical care ratio of 86.7%, below the 88.4% expected, indicating it paid out less in medical claims than investors had feared. The combination of stronger profit, higher revenue and lower claims pressure prompted relief on Wall Street.