Extremely strong operating earnings that translated into EBIT interest coverage of 30x for the nine months ended Sept. 30, 2003 and 24x for the full year 2002. Net dividends from subsidiaries totaled $913 million in 2002. Dividends from UnitedHealth Group Inc.'s largest operating subsidiary, United Healthcare Insurance Co., were $679 million for the first six months of 2003 compared with $503 million for the same period in 2002. Debt to capitalization was strong at 26.9% at Sept. 30, 2003 and 28.5% at year-end 2002. The organization has diversified sources of revenue, both unregulated and regulated, by geographic region, business segment, and legal entity. In addition, the company is growing the portion information and administration-based businesses that are not related to
