UNH - Reports Q3 $3.41 v $3.30e, Rev $56.56B v $56.1Be
- Raises FY18 $12.80 v $12.72e (prior FY18 $12.50-12.75)
- Guides FY18 FCF "to approach" $B (prior "to approach" $15.5B)
- UnitedHealth Groups net margin 5.6% v 4.9% y/y - Consolidated Op margin 8.1% v 8.1% y/y; UnitedHealthcare op margin 5.6% v 5.9% y/y
- Medical care ratio 81.0%, -40bps y/y
- Operating cost ratio 15.0%, +30bps y/y
- Total medical customers M v 48.8M q/q; Medicare Advantage M v 4.8M q/q; Medicaid M v 6.7M q/q; Medicare Part D stand-alone M v 4.7M q/q
- Optum Rev $25.4B v $22.9B y/y
- Optum Op margin 8.0% v 7.4% y/y