UNITEDHEALTH GROUP REPORTS 2017 RESULTS HIGHLIGHTED BY CONTINUED STRONG AND DIVERSIFIED GROWTH • Revenues Grew 9% Year-Over-Year to $201 Billion • Operating Earnings Exceeded $15.2 Billion, Up 18% Year-Over-Year • Net Earnings of $10.72 Per Share and Fourth Quarter Net Earnings of $3.65 Per Share included a One-Time, Non-Cash Deferred Tax Benefit of $1.22 and $1.21 Per Share, Respectively • Adjusted Net Earnings were $10.07 Per Share for the Full Year, Up 25% Year-Over-Year, and Grew 23% to $2.59 Per Share in the Fourth Quarter • Cash Flows from Operations Grew 39% Year-Over-Year to $13.6 Billion
NEW YORK, NY (January 16, 2018) - UnitedHealth Group (NYSE: UNH) reported fourth quarter and full year 2017 results reflecting continued broad-based growth and strengthened operating performance across the enterprise. "We enter 2018 with both growth momentum and opportunity, as a result of our focus on improving the experience of those we serve, combined with actions taken to deepen our capabilities and presence in strategic markets," said David S. Wichmann, chief executive officer of UnitedHealth Group.
As a result of The Tax Cuts and Jobs Act of 2017, UnitedHealth Group's 2017 net earnings of $10.72 per share included a $1.22 per share non-cash benefit from the revaluation of the Company's net deferred tax liability. This one-time item affects the comparability of results between periods, and accordingly has been excluded from adjusted net earnings per share.
The Company revised its 2018 financial outlook to reflect the effects of the U.S. corporate tax law changes, dedicating a significant portion of the benefits to accelerating investments in data analytics, technology and innovations to better serve consumers and care systems and to advancing new and existing business platforms. UnitedHealth Group now expects 2018 net earnings of $11.65 to $11.95 per share and adjusted net earnings of $12.30 to $12.60 per share. Cash flows from operations are expected to range from $15 billion to $15.5 billion.

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