UnitedHealth Group's (UNH) CEO Stephen Hemsley on Q2 2014 Results - Earnings Call Transcript

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UnitedHealth Group (NYSE:UNH) Q2 2014 Results Earnings Conference Call July 17, 2014 8:45 AM ET

Executives

Stephen Hemsley - President and Chief Executive Officer

Daniel Schumacher - Chief Financial Officer

Gail Boudreaux - Executive Vice President, UnitedHealth Group, Chief Executive Officer-UnitedHealthcare

Jeff Alter – Chief Executive Officer, UnitedHealthcare's Employer & Individual business

John Rex – Executive Vice President and Chief Financial Officer, Optum

Steve Nelson - UnitedHealthcare Medicare & Retirement

Dave Wichmann – Executive Vice President

Austin Pittman – Chief Executive Officer, UnitedHealthcare Community & State

Larry Renfro – Chief Executive Officer, Optum

Dirk McMahon – Chief Executive Officer, OptumRx

Bill Miller - Chief Executive Officer, OptumInsight

Analysts

Justin Lake - JP Morgan

Matthew Borsch – Goldman Sachs

Peter Costa – Wells Fargo

Josh Raskin – Barclays Capital

Sarah James – Wedbush Securities

Kevin Fischbeck - Bank of America

Andrew Schenker - Morgan Stanley

Christian Rigg – Susquehanna

A. J. Rice – UBS

Scott Fidel – Deutsche Bank

Christine Arnold – Cowen and Company

Ralph Giacobbe – Credit Suisse

Ana Gupte - Leerink Swann

Thomas Carroll - Stifel Nicolaus

Dave Windley – Jefferies

Brian Wright - Sterne, Agee

Carl McDonald - Citigroup

Operator

Good morning. I'll be your conference operator today. Welcome to the UnitedHealth Group Second Quarter 2014 Earnings Conference Call. (Operator Instructions) As a reminder, this call is being recorded.

Here's 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 could 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.

Information presented on this call is

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