UnitedHealth Group Records Previously Disclosed Penn Treaty Assessment in 2016 Results
- Files Annual Report on Form 10-K
UnitedHealth Group (NYSE: UNH) has recognized the previously-disclosed $350 million impact of its Penn Treaty assessments in the fourth quarter 2016, following further accounting, legal and regulatory consultations in connection with its 10-K filing. As a result, UnitedHealth Group reduced its fourth quarter and full year 2016 earnings before income taxes by $350 million or $0.23 diluted net earnings per share. The adjustment has no impact on the Company’s previously reported fourth quarter and full year 2016 adjusted net earnings or adjusted net earnings per share.
The information is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 which was filed today with the Securities and Exchange Commission.
About UnitedHealth Group
UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.