UnitedHealth posts higher quarterly revenue and raises earnings guidance

UnitedHealth Group Inc. reported higher sales and earnings for the first three months of 2022 and raised its full-year earnings outlook as Covid-19-related costs eased and no evidence of major long-term health impacts from treatment delays during treatment emerged the pandemic.

The health and health insurance giant, which became the first industry heavyweight to report first-quarter results, posted double-digit revenue growth at both its Optum and UnitedHealth care units as the Omicron variant-driven surge in Covid-19 cases earlier in the year In 2020, the quarter faded.