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UnitedHealth Group, Inc.
Added to
KLD's Domini 400 Social Index
BOSTON,
MA - August 02, 2004 - KLD Research & Analytics, Inc.,
an independent investment research firm, announced today
that UnitedHealth Group Inc. (UNH) has been added to KLD's
Domini 400 SocialSM Index.
UnitedHealth Group, Inc. is headquartered in Minnetonka,
Minnesota.
UnitedHealth Group, Inc. provides health care coverage and health care information services and products. The company offers a variety of health plan services for small and mid-size employers, as well as large companies. In addition, the company has health plans for Medicare, Medicaid, and Child Health Insurance Program (CHIP) patients, and supplemental health insurance for AARP members. The company's Specialized Care Services segment offers mental health, dental, and substance abuse services.
Reasons KLD added the company to the Domini 400 Social Index
- The company has strong representation of women and minorities in senior management and on its board. One woman serves among the company's seven principal senior line executives. Lois E. Quam is CEO of the company's Ovations subsidiary. Four of of the company's 12-member board of directors are women or minorities.
- UnitedHealth Group has a policy against discrimination based on sexual orientation and provides domestic partner medical benefits to qualified partners.
- In July 2004, UnitedHealth Group, Inc. acquired Oxford Health Plans, Inc. a constituent of the Domini 400 Social Index. Oxford Health Plans is a provider of innovative, high-quality health management products. The company sets notably high standards for the doctors it approves for its plans and only accepts doctors with hospital admitting privileges.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400SM
Social Index (DS 400 Index), launched in 1990, is the
established benchmark for measuring the impact of social
screening on financial performance; the KLD Catholic Values
400SM Index (KLD CV 400
Index), launched in 1998, is modeled on KLD's DS 400;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, is the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, is the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
is modeled on the NASDAQ Composite Index; and the KLD
Select SocialSM Index
(KLD SS Index), launched in 2004, is the first US index
maximizing sustainability factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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