United Healthcare 2015 Annual Report Download - page 32

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to maintain our corporate quarterly dividend payment cycle, repurchase shares of our common stock and repay
our debt. If we are unable to obtain sufficient funds from our subsidiaries to fund our obligations, our results of
operations, financial position and cash flows could be materially and adversely affected.
Any downgrades in our credit ratings could adversely affect our business, financial condition and results
of operations.
Claims paying ability, financial strength and credit ratings by Nationally Recognized Statistical Rating
Organizations are important factors in establishing the competitive position of insurance companies. Ratings
information is broadly disseminated and generally used throughout the industry. We believe our claims paying
ability and financial strength ratings are important factors in marketing our products to certain of our customers.
Our credit ratings impact both the cost and availability of future borrowings. Each of the credit rating agencies
reviews its ratings periodically. Our ratings reflect each credit rating agency’s opinion of our financial strength,
operating performance and ability to meet our debt obligations or obligations to policyholders. There can be no
assurance that our current credit ratings will be maintained in the future. Downgrades in our credit ratings, should
they occur, could materially increase our costs of or ability to access funds in the debt and capital markets and
otherwise materially increase our operating costs.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
To support our business operations in the United States and other countries we own and lease real properties. Our
various reportable segments use these facilities for their respective business purposes, and we believe these
current facilities are suitable for their respective uses and are adequate for our anticipated future needs.
ITEM 3. LEGAL PROCEEDINGS
The information required by this Item 3 is incorporated herein by reference to the information set forth under the
captions “Litigation Matters” and “Governmental Investigations, Audits and Reviews” in Note 13 of Notes to the
Consolidated Financial Statements included in Part II, Item 8, “Financial Statements.”
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.
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