MINNETONKA (dpa-AFX) - UnitedHealth Group (UNH) updated full year 2024 net
earnings outlook to $15.95 to $16.40 per share to reflect the classification to
held for sale of its remaining South America operations and the estimated Change
Healthcare cyberattack impacts. In April, the company projected full year 2024
net earnings outlook in a range of $17.60 to $18.20 per share. The company
affirmed the adjusted net earnings outlook of $27.50 to $28.00 per share
established at November 2023 Investor Conference. UnitedHealth said the
consistent outlook absorbs an estimated $0.60 to $0.70 per share of business
disruption impacts for the affected Change Healthcare services, which has
increased $0.30 per share since the initial estimate was provided last quarter.
Analysts polled by Thomson Reuters expect the company to report profit per share
of $27.59. Analysts' estimates typically exclude special items.

As an update to Cyberattack Update, UnitedHealth Group noted that it has
restored the majority of the affected Change Healthcare services. The company
has provided over $9 billion in advance funding and interest-free loans.
UnitedHealth estimates the total 2024 impact at $1.90 to $2.05 per share.

Second quarter net income totaled $4.22 billion, or $4.54 per share compared
with $5.47 billion, or $5.82 per share, in last year's second quarter. Excluding
items, adjusted earnings was $6.80 per share compared to $6.14. Analysts on
average had expected the company to earn $6.66 per share, according to figures
compiled by Thomson Reuters.

Revenue for the quarter increased to $98.86 billion from $92.90 billion last
year. Analysts on average had estimated $98.84 billion in revenue.

Shares of UnitedHealth are down 1% in pre-market trade on Tuesday.

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