Q3 2020 Highlights:
- Revenues of $65.1 Billion, 8% Growth over the prior year
- Earnings from operations of $4.7 Billion compared to $5.0 Billion last year. The decline reflects the Company’s extensive consumer and customer financial assistance measures undertaken by the Company, as well as direct COVID-19 care and testing costs, partially offset by reduced overall care demand
- Medical care ratio of 81.9% compared to 82.4% the prior year
Medicare Supplement lives in the 3rd quarter were flat compared to end of Q2. The UHC enrollment table below features Standardized and Modernized policy in-force counts of 4,450,000 as of 9/30/2020, a 60,000 decrease in the past 12 months. The 60,000 decrease in lives in the past 12 months is a 1.3% decrease over the in-force lives at Q3 2019.
This UHC enrollment table shows Medicare Advantage enrollment counts of 5,670,000 as of 9/30/2020, a 440,000 increase in the past year. The 440,000 enrollment increase in the past 12 months is an 8.4% increase over the Medicare Advantage enrollment counts at Q3 2019.
This combined UHC enrollment table shows Medicare Supplement and Medicare Advantage enrollment counts of 10,120,000 as of 9/30/2020, a 380,000 increase in the past year. The 380,000 enrollment increase in the past 12 months is a 3.9% increase over the combined enrollment counts at Q3 2019. UHC’s combined Medicare Supplement and Medicare Advantage enrollment of 10.1 million at Q3 2020 is approximately 15% of the overall Medicare enrollment at that same point in time.
