UnitedHealth Profit Helps Surmount Cyberattack, Cost Pressures
- Company intends to sell all operations in South America
- Key gauge of medical cost outpaces Wall Street’s estimates
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UnitedHealth Group Inc. reported second-quarter results that surpassed Wall Street’s expectations even as a key measure of the insurer’s medical costs was higher than anticipated.
Adjusted earnings were $6.80 a share, UnitedHealth said Tuesday in a statement, while the company’s medical-loss ratio was higher than analysts expected. The closely watched measure shows how much premium revenue is paid out for medical care, and investors look for a lower number.