UnitedHealth posts quarterly profit above Wall Street estimates, on track for turnaround

UnitedHealth on Tuesday raised its annual profit forecast and beat expectations for first-quarter results as the health care conglomerate kept costs in check and received ‌improved government payments for its health insurance services.

CEO Stephen Hemsley, who took over almost a year ago, has sought to rebuild investor confidence following a turbulent stretch marked by a senior executive's death, escalating medical costs, a federal probe and criticism of insurance industry practices.

The company has since undertaken several measures, including exiting non-U.S. businesses and some health plans, reshuffling leadership roles, and increasing investments in artificial intelligence.

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