UNH - UnitedHealth's 2023 Profits Hit $22B But Shares Slide On Higher Medical Costs | Benzinga
UnitedHealth Group Inc (NYSE:UNH) reported a net profit of $22.4 billion in fiscal year 2023 and around $5.5 billion in for the fourth quarter.
Group revenues for the fourth quarter rose 14% year-over-year to $94.4 billion, topping analysts’ estimates of $92.14 billion.
UnitedHealth said adjusted EPS for the fourth quarter came in at $6.16, up from $5.34 a year ago, ahead of the consensus of $5.98.
The full-year medical care ratio is 83.2% compared to 82% last year, driven by previously noted outpatient care, primarily serving ...