UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services. The OptumHealth segment provides access to networks of care provider specialists, health management services, care delivery, consumer engagement, and financial services. This segment serves individuals directly through care delivery systems, employers, payers, and government entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and compounding pharmacy, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.

UnitedHealth Group Incorporated

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Premiums Earned	339,901	308,810	290,827	257,157	226,233	201,478	189,699	178,087	158,453	144,118	127,163
Premiums
Investment Income	4,824	5,202	4,089	2,030	2,324	1,502	1,886	1,376	1,023	828	710
Investment and Other Income
Total Other Revenues	90,434	86,266	76,706	64,975	59,040	54,161	50,570	46,784	41,683	39,894	29,234
Products
Services
Total Revenues	435,159	400,278	371,622	324,162	287,597	257,141	242,155	226,247	201,159	184,840	157,107
Total Revenues %Chg	10.5%	7.7%	14.6%	12.7%	11.8%	6.2%	7%	12.5%	8.8%	17.7%	20.4%
Total Revenues
Total Revenues %Chg
Insurance Benefits & Claims	298,989	264,185	241,894	210,842	186,911	159,396	156,440	145,403	130,036	117,038	103,875
Medical Costs
Other Operating Expenses	109,813	103,806	97,370	84,885	76,716	75,340	66,030	63,500	55,914	54,872	42,211
Operating Costs
Cost of Products Sold
Depreciation and Amortization
Operating Profit	26,357	32,287	32,358	28,435	23,970	22,405	19,685	17,344	15,209	12,930	11,021
Earnings from Operations
Interest Expense	-4,031	-3,906	-3,246	-2,092	-1,660	-1,663	-1,704	-1,400	-1,186	-1,067	-790
Interest Expense
Operating Margin	6.1%	8.1%	8.7%	8.8%	8.3%	8.7%	8.1%	7.7%	7.6%	7%	7%
Non-Operating Income	-118	-8,310	—	—	—	—	—	—	—	—	—
Loss on Sale of Subsidiary and Subsidiaries Held for Sale
Total Non-Operating Income	-4,149	-12,216	-3,246	-2,092	-1,660	-1,663	-1,704	-1,400	-1,186	-1,067	-790
Income Before Provision for Income Taxes	22,208	20,071	29,112	26,343	22,310	20,742	17,981	15,944	14,023	11,863	10,231
Earnings Before Income Taxes
Provision for Income Taxes	3,835	4,829	5,968	5,704	4,578	4,973	3,742	3,562	3,200	4,790	4,363
Provision for Income Taxes
Consolidated Net Income	18,373	15,242	23,144	20,639	17,732	15,769	14,239	12,382	10,823	7,073	5,868
Net Earnings
Net Income Attributable to Common Shareholders	18,373	15,242	23,144	20,639	17,732	15,769	14,239	12,382	10,823	7,073	5,868
Basic EPS	19.2	15.6	24.1	21.5	18.3	16.2	14.6	12.5	11	7.4	6.1
Diluted EPS	19.2	15.5	23.9	21.2	18.1	16	14.3	12.2	10.7	7.3	6
Basic Weighted Average Shares Outstanding	913	921	928	937	943	949	951	963	964	952	953
Diluted Weighted Average Shares Outstanding	915.8	929	938	950	956	961	966	983	985	968	967
Total Shares Outstanding	905.8	915	924	934	941	946	948	960	969	952	953
EBITDA	30,642	36,386	36,330	31,835	27,073	25,296	22,405	19,772	17,454	14,985	12,714
Effective Tax Rate	17.3%	24.1%	20.5%	21.7%	20.5%	24%	20.8%	22.3%	22.8%	40.4%	42.6%