8-KEarnings & ResultsExhibits & Filings

UNITEDHEALTH GROUP INC 8-K Report, Financial Results (Jan 19, 2016)

Filed January 19, 2016For Securities:UNH

Summary

UnitedHealth Group (UNH) filed an 8-K on January 19, 2016, to report its fourth quarter and full year 2015 financial results, as announced in a press release. The filing highlights the company's performance and provides forward-looking guidance. A key focus for investors is the company's use of non-GAAP financial measures, which adjust for certain expenses to provide a clearer picture of operational performance. The press release details adjusted earnings per share (EPS) for both the fourth quarter and full year 2015, and provides projections for full year 2016 EPS. These adjusted figures exclude amortization of acquired intangible assets, and in some cases, losses related to individual exchange-compliant products and a state Medicaid contract. Investors should pay close attention to the provided GAAP figures and the reconciliations to understand the full financial picture.

Key Highlights

  • 1UnitedHealth Group announced its Q4 and full year 2015 results via press release on January 19, 2016.
  • 2The company is providing both GAAP and non-GAAP financial measures, including adjusted EPS.
  • 3Adjusted EPS figures exclude amortization of acquired intangible assets.
  • 4Certain adjusted EPS calculations also exclude losses from individual exchange-compliant products and a state Medicaid contract.
  • 5Full year 2015 diluted EPS attributable to shareholders was $6.01.
  • 6Projected full year 2016 diluted EPS is expected to be in the range of $7.10 to $7.30.
  • 7Q4 2015 diluted EPS attributable to shareholders was $1.26.

Frequently Asked Questions

This 8-K filing is primarily to report UnitedHealth Group's fourth quarter and full year 2015 financial results, which were announced in an accompanying press release. It also furnishes the press release as an exhibit.

The key non-GAAP measures are adjusted full year 2015 net earnings per share, fourth quarter 2015 net earnings per share, and projected full year 2016 net earnings per share. These figures exclude amortization expense of acquired intangible assets. Some also exclude losses on individual exchange-compliant products and a state Medicaid contract.

UnitedHealth Group projects its full year 2016 diluted earnings per share attributable to common shareholders to be in the range of $7.10 to $7.30.

Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the accompanying tables found at the end of the press release, which is furnished as Exhibit 99.1 to this 8-K filing.