(Reuters) – UnitedHealth Group Inc on Monday forecast profit for 2022 below Wall Street estimates, as it grapples with a surge in insurance claims due to the COVID-19 pandemic.
The U.S. health insurer said it was expecting to post an adjusted profit of $21.10 to $21.60 per share in 2022. Analysts on average were estimating a profit of $21.65 per share, according to Refinitiv IBES data.
UnitedHealth, however, raised the lower end of its 2021 adjusted earnings forecast by 10 cents. It had previously forecast a range of $18.65 per share to $18.90 per share.
(Reporting by Manojna Maddipatla and Rithika Krishna in Bengaluru; Editing by Krishna Chandra Eluri and Anil D’Silva)