UnitedHealth forecasts 2022 profit below estimates
Reuters
Published Nov 29, 2021 05:02PM ET
(Reuters) - UnitedHealth Group Inc (NYSE:UNH) on Monday forecast profit for 2022 below Wall Street estimates, as it grapples with a surge in insurance claims due to the COVID-19 pandemic.
The U.S. health insurer said it was expecting to post an adjusted profit of $21.10 to $21.60 per share in 2022. Analysts on average were estimating a profit of $21.65 per share, according to Refinitiv IBES data.
UnitedHealth, however, raised the lower end of its 2021 adjusted earnings forecast by 10 cents. It had previously forecast a range of $18.65 per share to $18.90 per share.
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Written By: Reuters
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