http://abcnews.go.com/Business/wireStory?id=9620822
UnitedHealth Group's Profit Rises 30%
UnitedHealth Group's 4th-quarter profit climbs; commercial enrollment continues to stumble
The Associated Press
1 comment By TOM MURPHY AP Business Writer
INDIANAPOLIS January 21, 2010 (AP)
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Managed care company UnitedHealth Group said Thursday its fourth-quarter profit jumped 30 percent on higher premium revenue compared to the final quarter of 2008, when the insurer incurred a hefty legal settlement charge.
(ABC News Photo Illustration)Managed care company UnitedHealth Group Inc. wrapped up 2009 with a third-straight quarterly profit increase, but it starts 2010 still hampered by high unemployment, which hurts its biggest insurance segment.
The Minnetonka, Minn., insurer said Thursday its fourth-quarter profit rose 30 percent, due in part to premium increases and a big legal charge that weighed down results in the last quarter of 2008.