UnitedHealth Group Incorporated

UNH
Sector

Healthcare

Industry

Healthcare Plans

Market Cap

$556.98B

Employees

440K

Company Overview

UnitedHealth Group Incorporated operates as a health care and well-being company, serving individuals and organizations through its two distinct businesses: Optum and UnitedHealthcare. Optum provides health services, leveraging clinical expertise, technology, and data to improve care quality, affordability, and consumer experience, while UnitedHealthcare offers a range of health benefits designed to simplify access to affordable, high-quality care for consumers and employers.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenue for Q2 2024 reached $98.9B, a 6% increase compared to Q2 2023. This growth was fueled by a 5% rise in UnitedHealthcare revenue and a substantial 12% jump in Optum revenue.

Medical costs saw a 9% YoY increase, reaching $65.5B in Q2 2024. This was attributed to higher patient volumes in Medicare Advantage, higher acuity patients, growth in commercial offerings, and costs associated with the Change Healthcare cyberattack.

Diluted EPS for Q2 2024 was $4.54, down 23% from $5.82 in Q2 2023. This decrease was primarily due to the loss on the sale of South American subsidiaries and costs related to the Change Healthcare cyberattack.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

2 Insights