(Bloomberg) — UnitedHealth Group Inc., the biggest U.S. health insurer, reported a first-quarter profit decline that was less than analysts’ estimates as higher enrollment helped blunt the effect of increased medical costs. The company reiterated its full-year forecast.
Net income fell 14% to $1.19 billion, or $1.16 a share, from $1.39 billion, or $1.31, a year earlier, the Minnetonka, Minnesota-based company said today in a statement. The per-share earnings beat by 2 cents the average of 21 analysts’ estimates compiled by Bloomberg. Revenue rose 11%to $30.3 billion.
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