BRIEF-UnitedHealth Group Reports First Quarter 2024 Results

April 16 (Reuters) – Unitedhealth Group Inc:

* UNITEDHEALTH GROUP REPORTS FIRST QUARTER 2024 RESULTS

* Q1 NET LOSS OF $1.53 PER SHARE

* : COMPANY CURRENTLY ESTIMATES $0.30 TO $0.40 PER SHARE BUSINESS DISRUPTION IMPACT FOR FULL YEAR 2024

* QTRLY ADJUSTED EARNINGS OF $6.91 PER SHARE

* : QTRLY REVENUES OF $99.8 BILLION GREW NEARLY $8 BILLION YEAR OVER YEAR

* UNITEDHEALTH: Q1 EARNINGS REFLECT $0.74 PER SHARE OF IMPACTS FROM CHANGE HEALTHCARE CYBERATTACK; $0.49 TO SUPPORT DIRECT RESPONSE EFFORTS AND $0.25 IN BUSINESS DISRUPTION IMPACTS

* QTRLY EARNINGS REFLECT $0.74 PER SHARE OF IMPACTS FROM CHANGE HEALTHCARE CYBERATTACK

* OPTUM INSIGHT Q1 OPERATING EARNINGS WERE $490 MILLION

* : COMPANY ESTIMATES DIRECT RESPONSE COSTS OF $0.85 TO $0.95 PER SHARE FOR FULL YEAR 2024

* : TOTAL CYBERATTACK IMPACTS IN Q1 AMOUNTED TO $0.74 PER SHARE AND COMPANY ESTIMATES FULL YEAR 2024 IMPACTS OF $1.15 TO $1.35 PER SHARE

* Q1 2024 MEDICAL CARE RATIO AT 84.3%

* UNITEDHEALTH: UPDATED ITS FULL YEAR 2024 NET EARNINGS OUTLOOK TO $17.60 TO $18.20 PER SHARE

* CASH FLOWS FROM OPERATIONS IN Q1 AFFECTED BY ABOUT $3 BILLION DUE TO COMPANY’S CYBERATTACK RESPONSE

* : COMPANY MAINTAINED ITS ADJUSTED NET EARNINGS OUTLOOK FOR FY OF $27.50 TO $28.00 PER SHARE

* : TO DATE, PROVIDED OVER $6 BILLION IN ADVANCE FUNDING AND INTEREST-FREE LOANS TO SUPPORT CARE PROVIDERS IN NEED

* DUE TO POTENTIAL FOR CYBERATTACK TO AFFECT CLAIMS RECEIPT TIMING, CO REFLECTED ADDITIONAL $800 MILLION OF CLAIMS RESERVES IN QUARTER

* FY2024 EARNINGS PER SHARE VIEW $27.51, REVENUE VIEW $400.24 BILLION — LSEG IBES DATA

* Q1 EARNINGS PER SHARE VIEW $6.61, REVENUE VIEW $99.26 BILLION — LSEG IBES DATA Source text for Eikon: Further company coverage:

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