UnitedHealth expects sizable profit jump next year

UnitedHealth Group Inc. said Monday that it expects to generate $123 billion to $124 billion in revenue for fiscal 2013 and earnings of $5.25 to $5.50 per share.

The Minnetonka-based health insurance giant also reaffirmed its fiscal 2012 profit forecast of $5.20 to $5.25 per share.

Analysts expect, on average, earnings of $5.60 per share on $118.6 billion in revenue, according to FactSet.

UnitedHealth is hosting its annual investors meeting in New York this morning.

-- The Associated Press contributed to this report.