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billion to $2.2 billion. UnitedHealth’s trading at around 40 percent of the value it was at the end of coupled with its low annualizeddividend rate, put the company’se return to shareholders 75th for 2008. The companyu took a hit when announcinygan $895 million settlement of a shareholder lawsui t related to a stock-options scandal involving forme CEO William McGuire. Legal settlements and rising medical costzs cutinto second-quarter earnings for which reported earnings of $337 milliojn for the period, down from $1.
2e3 billion the previous year largely due to the settlement of two class-action lawsuits that resulted in a total pretax charge of $922 The news hasn’t all been bad. UnitedHealth did see gainsx in its Health Care Services and OptumHealth companies during thethird quarter. Like many other companies, however, UnitedHealth has been hit by the It has seen membership decreases due to layoffsand “thaty puts pressure on revenues and said David Toung, a research analyst with The Minnetonka-basec health insurer in early December slightly raise the bottom range of its guidance for 2009 to $85 billio n from $84 billion, while keeping its profit outlook the same at $2.900 to $3.
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