UnitedHealth Group Reports $3.2 Billion Profit In Third Quarter Of 2020

UnitedHealth Group reported $3.2 billion in profit during the third quarter of 2020. The company is updating its full year earnings per share outlook for 2020 to net earnings of $15.65 to $15.90 per share and adjusted net earnings of $16.50 to $16.75 per share.

The company reported significant impact due to voluntary consumer assistance initiatives. Net earnings of $3.30 per share and adjusted earnings of $3.51 per share declined 10%. Care patterns previously disrupted by coronavirus disease 2019 (COVID-19) moved closer to normal levels.

The company’s efforts to proactively help . . .