Unitedhealth Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Unitedhealth Group (UNH)

Q1 2012 Earnings Call

April 19, 2012 8:45 am ET


Stephen J. Hemsley - Chief Executive Officer, President and Executive Director

Dan Schumacher -

Gail Koziara Boudreaux - Executive Vice President and Chief Executive Officer of United Healthcare

Jack Larsen -

Larry C. Renfro - Executive Vice President and Chief Executive officer of Optum

Rick Jelinek -

Jeff Alter - Chief Executive of UnitedHealthcare Employer & Individual Business

David S. Wichmann - Chief Financial Officer, President of Operations and Executive Vice President


Peter H. Costa - Wells Fargo Securities, LLC, Research Division

Ana Gupte - Sanford C. Bernstein & Co., LLC., Research Division

Kevin M. Fischbeck - BofA Merrill Lynch, Research Division

David H. Windley - Jefferies & Company, Inc., Research Division

Sheryl R. Skolnick - CRT Capital Group LLC, Research Division

Sarah James - Wedbush Securities Inc., Research Division

Christine Arnold - Cowen and Company, LLC, Research Division

Scott J. Fidel - Deutsche Bank AG, Research Division

Joshua R. Raskin - Barclays Capital, Research Division

Charles Andrew Boorady - Crédit Suisse AG, Research Division

Christian Rigg - Susquehanna Financial Group, LLLP, Research Division



Good morning. I will be your conference facilitator today. Welcome to the UnitedHealth Group's First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

Here is some important introductory information. This call contains forward-looking statements under U.S. federal securities laws. These statements are subject to risks and uncertainties that can cause actual results to differ materially from historical experience or present expectations. A description of some of the risks and uncertainties can be found in the reports that we file with the Securities and Exchange Commission, including the cautionary statements included in our current and periodic filings.

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