UnitedHealth Group Incorporated is a healthcare and well-being company. It operates through two distinct, complementary businesses: Optum and UnitedHealthcare. Optum combines clinical expertise, technology, and data to make care simpler, more effective, and affordable. It serves patients, consumers, payers, care providers, employers, governments, and life sciences companies through OptumHealth, OptumInsight, and OptumRx. UnitedHealthcare offers health benefits designed to simplify healthcare experience and improve affordability. It serves consumers and employers through UnitedHealthcare Employer & Individual, seniors and other Medicare eligible consumers through UnitedHealthcare Medicare & Retirement, and economically disadvantaged and medically underserved individuals through UnitedHealthcare Community & State.

• Employees: 440,000 (as of December 31, 2023)
• Geographic Footprint: Operates in the United States and several other international health markets, including Brazil, Chile, Colombia, and Peru, as well as over 150 other countries.
• Headquarters: Minnetonka, Minnesota
• Founded: Not specified in filing
• Number of locations/facilities: Not specified in filing
• Revenue: $371.6 billion (FY2023)
• Market Cap: $444.6 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Optum (OptumHealth, OptumInsight, OptumRx), UnitedHealthcare (UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State)

• CEO: Andrew Witty (since February 2021)
• CFO: John Rex (since June 2016)
• Board Chair: Stephen Hemsley
• President and COO: Dirk McMahon
• Other Key Executives: Rupert Bondy (Executive Vice President, Chief Legal Officer and Corporate Secretary), Erin McSweeney (Executive Vice President and Chief People Officer), Thomas Roos (Senior Vice President and Chief Accounting Officer), Brian Thompson (Chief Executive Officer of UnitedHealthcare)

Andrew Witty was previously CEO of Optum and President of UnitedHealth Group. Dirk McMahon held various positions at UnitedHealthcare and Optum. John Rex was previously CFO of Optum. Rupert Bondy served as general counsel at Reckitt Benckiser Group and BP plc. Erin McSweeney was chief of staff at UnitedHealth Group and CHRO at Optum and EMC Corporation. Tom Roos was a partner at Deloitte & Touche LLP. Brian Thompson was CFO of UnitedHealthcare's Employer & Individual and Medicare & Retirement businesses.

• Annual Revenue: $371.6 billion (FY2023)
• Net Income: $22.4 billion (FY2023)
• Market Cap: $444.6 billion (as of June 30, 2023)
• Total Assets: $273.7 billion (FY2023)
• Number of Employees: 440,000 (as of December 31, 2023)
• Key Financial Highlights (FY2023): Revenue increased 15% year-over-year, earnings from operations increased 14%, diluted earnings per share increased 13% to $23.86, cash flows from operations were $29.1 billion, return on equity was 27.0%.

Optum offers healthcare services, data analytics, and pharmacy care services. UnitedHealthcare offers health benefits plans.

• OptumHealth: Patient-centered care, care management, wellness and consumer engagement, and health financial services.
• OptumInsight: Data, analytics, research, consulting, technology, and managed services solutions for healthcare organizations.
• OptumRx: Pharmacy care services, including retail, home delivery, specialty, and community health pharmacies, as well as infusion services and support for rare diseases and gene therapies.
• UnitedHealthcare Employer & Individual: Health benefit plans for employers and individuals, both domestically and internationally.
• UnitedHealthcare Medicare & Retirement: Health and well-being benefits for seniors and other Medicare-eligible consumers, including Medicare Advantage, Part D, and Medicare Supplement plans.
• UnitedHealthcare Community & State: Health benefits for economically disadvantaged, medically underserved, and uninsured individuals through Medicaid and other government programs.

UnitedHealth Group operates through four reportable segments: OptumHealth, OptumInsight, OptumRx, and UnitedHealthcare.

• UnitedHealthcare: $281.4 billion in revenue (FY2023)
• OptumHealth: $95.3 billion in revenue (FY2023)
• OptumInsight: $18.9 billion in revenue (FY2023)
• OptumRx: $116.1 billion in revenue (FY2023)

UnitedHealth Group aims to build a modern, high-performing health system through improved access, affordability, outcomes, and experiences. Optum focuses on creating a higher-performing, value-oriented, and more connected approach to healthcare by leveraging data and analytics, pharmacy care services, healthcare operations, population health, and health financial services. UnitedHealthcare focuses on simplifying the healthcare experience and making quality care more affordable through a variety of health benefit plans and services.

• Key Strategic Initiatives: Transitioning from fee-for-service to value-based care models, enhancing digital and physical care resources, expanding concierge navigation services, accelerating integration of medical, pharmacy, and behavioral care.
• Growth Drivers: Increasing demand for healthcare services, aging population, technological advancements, expanding global presence.

UnitedHealth Group operates in the healthcare industry, which comprises 18% of the U.S. GDP. The industry is highly competitive and subject to dynamic changes driven by demographic shifts, regulations, technology, and evolving consumer expectations.

• Key Competitors: Other large health insurance companies, healthcare providers, and technology companies.
• Industry Trends: Increasing healthcare spending, focus on value-based care, growth of telehealth and remote patient monitoring, consolidation in the healthcare market.

• Medical Cost Management: Failure to accurately estimate, price for, and manage medical costs could impact profitability.
• Data and Technology: Failure to maintain data integrity, cybersecurity incidents, or unsuccessful integration of information systems could disrupt operations.
• Competition: Intense competition in the healthcare market could lead to loss of market share.
• Government Regulation: Changes in healthcare laws and regulations, including Medicare and Medicaid funding, could significantly affect revenues and profitability.
• Public Health Crises: Large-scale medical emergencies or pandemics could disrupt operations and increase costs.