The parent company of United Healthcare, which has operations in downtown Hartford, said its second quarter net income dipped 2 percent on higher operating costs.
For the quarter ended June 30, United Health Group booked $1.41 billion in profit, down from $1.44 billion in the second quarter last year.
Diluted earnings per share increased from $1.40 to $1.42, due to the company having fewer shares outstanding compared to a year ago.
Revenue increased over the year, from $30.4 billion to $32.6 billion, largely on higher premium revenues. Higher operating costs, which rose from $28 billion to $30.02 billion, largely wiped out that increase, though.
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