UnitedHealth's 2Q revenues increased approx. 8% crossing $50 billion. The insurer is on target to reach annual revenues of $200 billion for the first time. Total enrollment jumped 3% to 49.5 million people. Medical care ratio (MCR), a key indicator to measure financial health of insurance firms, increased 20 bps reaching 82.2%, in line with industry standards. The insurance giant also raised its 2017 outlook. The insurer now expects its 2017 GAAP EPS to be $9.20-9.35 and adjusted EPS to be $9.75-9.90. UnitedHealth is the first firm in its industry to report earnings every quarter, which sets the tone for its peers. Check our the earnings snapshot here: http://ift.tt/2tcLfx6
Submitted July 18, 2017 at 03:02PM by JimRogers_FCA http://ift.tt/2tn1zjg
