UnitedHealth Group Continues Annual Dividend, Renews Share Repurchase Program

MINNEAPOLIS--(BUSINESS WIRE)--UnitedHealth Group (NYSE:UNH) announced today that its Board of Directors, at its regular meeting on February 9, 2010, authorized payment of an annual dividend to shareholders for 2010. The dividend, $0.03 per share, will be paid on April 20, 2010, to all shareholders of record of UnitedHealth Group common stock as of the close of business on April 6, 2010. The company also paid a $0.03 per share dividend in 2009.

The Board also renewed and increased the Company’s Share Repurchase Program, under which up to 120 million shares of the Company’s common shares may now be repurchased. This includes approximately 23 million shares remaining under the previous share repurchase program. UnitedHealth Group repurchased 74 million shares of stock at a weighted average purchase price of $24.26 per share in 2009. As of December 31, 2009, the Company had approximately 1.15 billion common shares outstanding.

Forward-looking Statements

This press release may contain statements, estimates, projections, guidance or outlook that constitute “forward-looking” statements as defined under U.S. federal securities laws. Generally the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “will” and similar expressions, identify forward-looking statements, which generally are not historical in nature. These statements may contain information about financial prospects, economic conditions, trends and uncertainties and involve risks and uncertainties. We caution that actual results could differ materially from those that management expects, depending on the outcome of certain factors, including our future cash and capital requirements.

About UnitedHealth Group

UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide. Visit www.unitedhealthgroup.com for more information.