Skip to main content

UnitedHealth posts big third-quarter net income

Minnetonka-based UnitedHealth Group's third-quarter net income jumped 23 percent, beating expectations, as preparations for retiring Baby Boomers started to pay off for the nation's largest health insurer, the Associated Press reports. UnitedHealth also raised its 2012 earnings forecast.
  • Author:
  • Updated:
    Original:

Minnetonka-based UnitedHealth Group's third-quarter net income jumped 23 percent, beating expectations, as preparations for retiring Baby Boomers started to pay off for the nation's largest health insurer, the Associated Press reports. UnitedHealth also raised its 2012 earnings forecast.

Next Up

Screen Shot 2022-05-11 at 7.32.39 AM

Strong storms impacting southern MN Thursday morning

The SPC says the storm will likely continue producing isolated large hail.

Shillingford

Charges: Fitness worker went to 70-year-old's home, killed him with gunshot to arm

Investigators are still working to determine a motive in the case.

Screen Shot 2022-05-10 at 7.18.57 PM

Over a half-century into career, Minneapolis actor James Hong gets his star

The 93-year-old actor received a star on Hollywood's Walk of Fame Tuesday.

police lights

19-year-old motorist killed in Clay County crash

The crash occurred approximately 15 miles east of Fargo in Riverton Township.

5033-Vincent-Ave-S-Twilight-002

Gallery: Remodeled century-old Minneapolis home on market for $1.06M

The home features Norwegian Oak floors and a spacious open-concept.

skid steer

Electrical worker dies from being run over by skid loader in southern MN

The 23-year-old victim and other workers with the Minnesota Valley Electric Company were working in the electrical power line system prior to the accident.

Crooked Pint

Crooked Pint's newest Twin Cities location opens Wednesday

Crooked Pint will open in the former Bonfire restaurant space in Savage.

Screen Shot 2019-05-29 at 9.39.16 PM

Minnesota's Crisp & Green to add 30 locations in Florida

The fast-casual chain is owned by Minnesota-based Steele Brands and has seen year-to-year growth since being founded in 2016.

People gather at Peace United Church of Christ in Rochester, Minnesota on April 17, 2022.

Appeal to find arsonist who caused $2.5M damage to Rochester church

The investigation relates to a Peace United Church of Christ, which was extensively damaged by a fire last month.

boys volleyball

Boys volleyball falls 1 vote shy of becoming sanctioned MSHSL activity

It fell two votes shy a year ago, and just one vote this year.

covid

Minnesota's COVID-19 update for Tuesday, May 10

Hospitalizations jumped quite a bit over the weekend.

Related

UnitedHealth 2Q net income rises 5.5%

Rising enrollments for Medicare and Medicaid plans helped boost Minnetonka-based UnitedHealth Group in the second-quarter. The biggest U.S. health insurer says net income rose 5.5 percent to trump Wall Street expectations.

Ecolab's net income, sales surge in third quarter

Ecolab Inc., the St. Paul-based cleaning and pest-control giant, says its net sales jumped 74 percent to $3 billion in the third quarter, RTTNews.com reports. Net income was also up 54 percent compared to the same period a year earlier.

Capella Education's net profit plummets 49 percent in third-quarter

Capella Education, the parent company of the for-profit Capella University, says its third-quarter net income was $5.1 million, down nearly 50 percent compared to the $9.9 million it earned in the July-September quarter last year, the Associated Press reports. Even as total enrollment, revenue and net income fell, new student enrollment at the Minneapolis-based provider of online post-secondary education rose 10.5 percent compared to last year -- the first increase in nearly two years, Reuters reports.

UnitedHealth reaches rare milestone

The Minnetonka-based health insurer brought in more than $100 billion last year. The Star Tribune reports UnitedHealth is among just 22 publicly traded companies and the first in Minnesota to reach that milestone. Read more ...

UnitedHealth to replace Kraft in Dow 30

The Dow Jones industrial average is sticking a fork in Kraft Foods. Minnetonka-based insurer UnitedHealth Group will replace the lunch meat maker in the 30-stock index, the most widely known barometer of the U.S. stock market.

UnitedHealth awarded $20 billion U.S. Department of Defense contract

The Minnetonka-based health insurer will provide military health insurance coverage for 21 western states. UnitedHealth lost a separate contract for the southern region in June.

Hormel Foods 3Q net income soars 13%

Strong sales of Spam and Jennie-O products helped the Austin-based meat producer meet Wall Street expectations. Hormel's third quarter earnings rose to $111.2 million, or 41 cents per share, in the third quarter ended on July 29 compared to $98.5 million, or 36 cents per share, a year earlier.