Unitedhealth Group Inc

UNH

Equity

ISIN US91324P1021 / Valor 1078451

New York Stock Exchange, Inc (2024-10-24)

USD 560.81-0.68%

Unitedhealth Group Inc
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About company

UnitedHealth Group Inc. is a diversified health care company, operating through its two main subsidiaries, Optum and UnitedHealthcare, to foster a modern, efficient health system. Optum focuses on improving health care delivery through technology and data, providing tools and support to enhance the health of individuals and communities. UnitedHealthcare, on the other hand, offers a comprehensive range of health benefits, including affordable coverage and access to quality care, aimed at simplifying the health care experience for consumers. UnitedHealth Group is committed to serving the health care needs of over 152 million people worldwide, promoting a value-based care system that emphasizes compassionate and equitable treatment. The company's efforts are geared towards making high-quality care both affordable and accessible, leveraging cross-sector collaboration and technological innovation to meet consumer needs and improve the overall health care landscape.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

UnitedHealth Group Inc's second quarter 2024 revenues grew nearly $6 billion to $98.9 billion, driven by strong expansion in the number of people served domestically at Optum and UnitedHealthcare.

Earnings from Operations

In the second quarter of 2024, UnitedHealth Group Inc reported earnings from operations of $7.9 billion, which included $1.1 billion in unfavorable effects due to a cyberattack. Adjusted earnings from operations were $8.7 billion, excluding the cyberattack direct response and South American impacts.

Medical Care Ratio

UnitedHealth Group Inc's reported medical care ratio for the second quarter of 2024 was 85.1%, which included 65 basis points of impacts due to accommodations to support care providers and South American actions. This was an increase from the prior year’s 83.2%.

Dividend Increase

In June 2024, UnitedHealth Group Inc increased its annual dividend rate by 12%, marking the 15th consecutive year of double-digit increases. The company prioritized financial resources to support care providers disrupted by the cyberattack during the quarter.

Cash Flows from Operations

UnitedHealth Group Inc reported cash flows from operations of $6.7 billion in the second quarter of 2024, which was 1.5 times net income. This reflects the company's strong operational efficiency and financial management.

Summarized from source with an LLMView Source

Key figures

6.82%1Y

24.9%3Y

129%5Y

Performance

22.2%1Y

23.0%3Y

29.4%5Y

Volatility