A new report finds Eden Prairie-based UnitedHealth Group and two Blue Cross Blue Shield nonprofit insurers had the highest claim-denial rates among individual market health plans sold in 2023 on the federal government’s HealthCare.

UnitedHealth Group reported $14.4 billion in 2024 profits as its UnitedHealthcare health insurance and Optum provider services overcame rising costs and a cyberattack.

In its first results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections.

UnitedHealth Group Inc (UNH) stock saw a modest uptick, ending the day at $543.52 which represents a slight increase of $11.01 or 2.07% from the prior close of $532.51. The stock opened at $539.98 and touched a low of $539.

UnitedHealth reported fourth-quarter results on Thursday that reflected persistent challenges for the health insurance sector.

UnitedHealth Group said veteran internal executive Tim Noel will succeed the late Brian Thompson as CEO of UnitedHealthcare, the nation’s largest health insurance company.

The financial fallout has been severe. Profits for the company dropped by over a third in 2024, falling from around $22.3 billion in 2023 to approximately $14.4 billion last year. The projected total cost of recovery and remediation efforts is estimated to be between $2.3 billion and $2.5 billion.

The company said Thursday that Tim Noel will be CEO of UnitedHealthcare, replacing Brian Thompson, who was killed in New York City in December.

Click in for more news from The Hill{beacon} Health Care Health Care   The Big Story UnitedHealth CEO blames drug companies for high costsIn his first public remarks since the murder of

Its earnings per share (EPS) were up 10.6% from the year-ago period to $6.81. "The people of UnitedHealth Group remain focused on making high-quality, affordable healthcare more available to more ...

UnitedHealth Group has reported quarterly profits of $5.5 billion after tax in its first earnings release since the killing of UnitedHealthcare CEO Brian Thompson in New York City, which sparked a wider debate about the cost of health insurance and medication for the American public.