UnitedHealth has released quarterly results, shedding light on the impact of the recent Change cyber attack.

Here’s a breakdown: Revenue: Revenue reached $99.8 billion, exceeding market expectations.

Earnings Per Share: Adjusted earnings per share totaled $6.91, but it’s unclear if this is directly comparable to analysts’ estimates.

The figure includes a $0.25 impact from cyber attack disruption costs.

Exclusions: UnitedHealth excluded $6 billion in costs related to advanced payments and interest-free loans provided due to the outage.

Operating Performance: Optum Health, a division of UnitedHealth, saw revenue exceed $6 billion, a 13% yearly increase.

However, it incurred $279 million in cyber attack disruption costs.

UnitedHealthcare Insurance: Revenue for UnitedHealthcare Insurance reached $75.4 billion, meeting expectations.

Commercial and Medicare growth contributed to this performance.

Medical Loss Ratio: The medical loss ratio (MLR) rose by 0.50% to 814.3%.

This is attributed to UnitedHealth loosening pre-authorization rules, though it’s still lower than in the fourth quarter.

Impact of Cyber Attack: The Change cyber attack affected UnitedHealth’s financial performance, including net operating earnings and earnings per share.

UnitedHealth accounted for these costs in two categories: disruption costs and losses due to loosened pre-authorization rules.

Over the past few years, UnitedHealth has increased the transparency of its reporting, which includes more detailed disclosures.

This allows investors to better assess the company’s financial performance and the impact of major events like cyber attacks.

Revenue Exceeds Expectations

Revenue reached $99.8 billion, exceeding market expectations.

Cyber Attack Impact on Earnings

Adjusted earnings per share totaled $6.91, including a $0.25 impact from cyber attack disruption costs.

Increased Transparency

UnitedHealth has increased the transparency of its reporting, allowing investors to better understand the company’s financial performance.