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Thursday, January 20, 2005

UnitedHealth income surges 46%

The Dayton area's second-largest health insurance provider, UnitedHealth Group Inc., credited the addition of 6 million enrollees and strong revenue growth for a profitable fourth quarter.



Net income was $739 million, or $1.09 per share, increased from $507 million, or 83 cents per share, during the same quarter last year.



The showing bested Wall Street estimates by a penny per share, according to market tracker Thomson Financial.



Revenue was $10.5 billion, a 40 percent increase from $7.5 billion in the year-ago quarter.



"The growth performance of our businesses is accelerating, our customers are increasingly well served by capabilities facilitated by investments made over the past few years and we have a new generation of initiatives under way," said William McGuire, chairman and chief executive officer.





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