UnitedHealth Group reported consolidated revenues increased 12 percent or $4.8 billion in the third quarter of 2016 to $46.3 billion. The firm’s third quarter operating margin was unchanged at 5.7 percent.
Year-to-date, UnitedHealthcare revenues grew 12 percent year-over-year, with double-digit percentage growth across all domestic businesses on strong enrollment growth. Adjusted net earnings grew 23 percent to $2.17 per share.
Optum revenues grew 34 percent year-to-date. It’s quarterly operating margin grew one percent to 6.9 percent.
“Our growth indicators are positive as we conclude 2016, and we expect to be well positioned in 2017 to better serve consumers and deliver more value to the health system overall,” said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.
The company increased its outlook for 2016 GAAP net earnings to approximately $7.45 per share and adjusted net earnings to approximately $8 per share from its previous range of $7.25 to $7.40 in GAAP net earnings per share and $7.80 to $7.95 in adjusted net earnings per share.