Summary
UnitedHealth Group Inc. (UNH) filed an 8-K on October 20, 2009, to report its third-quarter 2009 financial results. The filing primarily serves to furnish a press release announcing these results. Investors should note that the company presented certain non-GAAP financial measures for the third quarter of 2008, specifically excluding a benefit recognized from a change in estimated net costs to settle historical stock option-related class action lawsuits. The report provides the most directly comparable GAAP financial measures for Q3 2008, including an operating cost ratio of 14.8%, an operating margin of 7.9%, and earnings from operations of $1.6 billion. While the 8-K itself does not detail the Q3 2009 results, it directs investors to the furnished press release (Exhibit 99.1) for comprehensive information, including reconciliations of the non-GAAP to GAAP measures. This filing is important for understanding how UNH characterized its prior-year performance and the impact of the lawsuit settlement on its financial reporting.
Key Highlights
- 1UnitedHealth Group (UNH) filed an 8-K on October 20, 2009, to announce its third quarter 2009 results.
- 2The filing includes a press release (Exhibit 99.1) with details of the Q3 2009 earnings.
- 3The company reported certain non-GAAP financial measures for Q3 2008, excluding a benefit from settling stock option lawsuits.
- 4Comparable GAAP financial measures for Q3 2008 are provided: operating cost ratio (14.8%), operating margin (7.9%), and earnings from operations ($1.6 billion).
- 5Reconciliations of non-GAAP to GAAP measures are available in the furnished press release.
- 6Information in this Item 2.02 is not considered 'filed' for Section 18 of the Exchange Act, nor incorporated by reference unless expressly stated.