UnitedHealth quarterly profit rises 11%

A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration - Copyright Lucy Nicholson(Reuters)

By Reuters

Published on 15/10/2019 - 13:35•Updated 30/04/2024 - 07:26

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(Reuters) - UnitedHealth Group Inc <UNH.N> reported an 11% rise in third-quarter profit on Tuesday, helped by higher revenue in its core business that sells health plans, and strength in its Optum unit, which includes its pharmacy benefits management business.

Net earnings attributable to shareholders rose to $3.54 billion (2.80 billion pounds), or $3.67 per share, in the three months ended Sept. 30, from $3.19 billion, or $3.24 per share, a year earlier.

Total revenue rose 6.7% to $60.35 billion.

(Reporting by Tamara Mathias in Bengaluru; Editing by Sriraj Kalluvila)

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