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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Revenue

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Premiums Earned	174,439	153,925	154,885	145,567	145,260	129,191
Premiums
Investment Income	2,141	3,194	2,008	2,176	1,913	1,368
Investment and Other Income
Total Other Revenues	44,611	44,508	41,758	39,045	37,661	33,122
Products
Services
Total Revenues	221,191	201,627	198,651	186,788	184,834	163,681
Total Revenues %Chg	11.3%	7.9%	7.5%	14.1%	15.2%	12%
Total Revenues
Total Revenues %Chg
Insurance Benefits & Claims	151,996	132,992	131,193	121,781	120,113	106,226
Medical Costs
Other Operating Expenses	54,926	52,154	51,652	48,792	48,578	43,102
Operating Costs
Cost of Products Sold
Depreciation and Amortization
Operating Profit	14,269	16,481	15,806	16,215	16,143	14,353
Earnings from Operations
Interest Expense	-2,025	-2,077	-1,829	-1,664	-1,582	-1,192
Interest Expense
Operating Margin	6.5%	8.2%	8%	8.7%	8.7%	8.8%
Non-Operating Income	-56	1	-8,311	—	—	—
Loss on Sale of Subsidiary and Subsidiaries Held for Sale
Total Non-Operating Income	-2,081	-2,076	-10,140	-1,664	-1,582	-1,192
Income Before Provision for Income Taxes	12,188	14,405	5,666	14,551	14,561	13,161
Earnings Before Income Taxes
Provision for Income Taxes	2,142	2,363	2,466	2,838	3,130	2,869
Provision for Income Taxes
Consolidated Net Income	10,046	12,042	3,200	11,713	11,431	10,292
Net Earnings
Net Income Attributable to Common Shareholders	10,046	12,042	3,200	11,713	11,431	10,292
Basic EPS	10.7	12.6	3.1	12.2	11.9	10.7
Diluted EPS	10.6	12.5	3	12.1	11.8	10.6
Basic Weighted Average Shares Outstanding	910	921	921	925	931	935
Diluted Weighted Average Shares Outstanding	914	929	929	934	942	948
Total Shares Outstanding	905	915	921	924	927	934
EBITDA	16,414	18,563	17,823	18,196	18,134	16,163
Effective Tax Rate	17.6%	16.4%	43.5%	19.5%	21.5%	21.8%