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Stock impact report

UPDATE 1-Elevance beats first-quarter profit estimates on higher premiums [Yahoo! Finance]

UnitedHealth Group Incorporated (DE) (UNH) 
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am Check Earnings Report
US:NYSE Investor Relations: unitedhealthgroup.com/investors.aspx
Company Research Source: Yahoo! Finance
profit on Thursday, as higher premiums in its commercial insurance business helped keep medical costs for the insurer in check. On an adjusted basis, the company made a profit of $10.64 per share, above analysts' estimates of $10.53 per share, according to LSEG data. Health insurers have struggled in recent quarters with high medical costs, and a cyberattack at industry bellwether UnitedHealth's technology unit Change Healthcare has raised uncertainty around insurance claims processing. UnitedHealth on Tuesday said medical costs dropped from higher rates hit late last year. UnitedHealth had relaxed, or removed, prior authorization processes for some claims following the hack, stoking concerns of an increase in medical costs. Elevance's quarterly revenues from premiums was $35.7 billion, above analysts' expectations of $35.54 billion. The company's medical loss ratio, the percentage of claims paid to premiums collected, was 85.6% for the first quarter. Analysts had expect Show less Read more
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