January 15, 2019 / 11:05 AM / 6 months ago

UnitedHealth fourth-quarter profit drops 16 percent

Jan 15 (Reuters) - UnitedHealth Group Inc, the largest U.S. health insurer, reported a 16 percent drop in quarterly profit on Tuesday due to higher operating costs and a provision for income tax.

Net earnings attributable to shareholders fell to $3.04 billion, or $3.10 per share, in the fourth quarter ended Dec. 31, from $3.62 billion or $3.65 per share, a year earlier.

Total revenue rose about 12 percent to $58.42 billion.

Reporting by Tamara Mathias in Bengaluru; Editing by Arun Koyyur

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