UnitedHealth Group Incorporated (ETR: UNH)

UnitedHealth Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	305,555	290,827	257,157	226,233	201,478	189,699
Total Interest & Dividend Income	4,554	3,813	1,819	1,484	1,502	1,886
Gain (Loss) on Sale of Investments	276	276	211	840	-	-
Non-Insurance Activities Revenue	48,062	42,583	37,424	34,437	34,145	31,597
Other Revenue	35,451	34,123	27,551	24,603	20,016	18,973
Total Revenue	393,898	371,622	324,162	287,597	257,141	242,155
Revenue Growth (YoY)	9.42%	14.64%	12.71%	11.84%	6.19%	7.03%
Policy Benefits	259,381	241,894	210,842	186,911	159,396	156,440
Depreciation & Amortization	4,032	3,972	3,400	3,103	2,891	2,720
Selling, General & Administrative	53,858	54,628	47,782	42,579	41,704	35,193
Non-Insurance Activities Expense	44,424	38,770	33,703	31,034	30,745	28,117
Total Operating Expenses	361,695	339,264	295,727	263,627	234,736	222,470
Operating Income	32,203	32,358	28,435	23,970	22,405	19,685
Interest Expense	-3,733	-3,246	-2,092	-1,660	-1,663	-1,704
Pretax Income	20,139	29,112	26,343	22,310	20,742	17,981
Income Tax Expense	5,006	5,968	5,704	4,578	4,973	3,742
Earnings From Continuing Ops.	15,133	23,144	20,639	17,732	15,769	14,239
Minority Interest in Earnings	-816	-763	-519	-447	-366	-400
Net Income	14,317	22,381	20,120	17,285	15,403	13,839
Net Income to Common	14,317	22,381	20,120	17,285	15,403	13,839
Net Income Growth	-33.98%	11.24%	16.40%	12.22%	11.30%	15.46%
Shares Outstanding (Basic)	922	928	937	943	949	951
Shares Outstanding (Diluted)	931	938	950	956	961	966
Shares Change (YoY)	-1.19%	-1.26%	-0.63%	-0.52%	-0.52%	-1.73%
EPS (Basic)	15.53	24.12	21.47	18.33	16.23	14.55
EPS (Diluted)	15.38	23.86	21.18	18.08	16.03	14.33
EPS Growth	-33.21%	12.65%	17.15%	12.79%	11.86%	17.56%
Free Cash Flow	13,096	25,682	23,404	19,889	20,123	16,392
Free Cash Flow Per Share	14.07	27.38	24.64	20.80	20.94	16.97
Dividend Per Share	7.960	7.290	6.400	5.600	4.830	4.140
Dividend Growth	12.75%	13.91%	14.29%	15.94%	16.67%	20.00%
Operating Margin	8.18%	8.71%	8.77%	8.33%	8.71%	8.13%
Profit Margin	3.63%	6.02%	6.21%	6.01%	5.99%	5.71%
Free Cash Flow Margin	3.32%	6.91%	7.22%	6.92%	7.83%	6.77%
EBITDA	35,035	35,130	30,835	26,173	24,496	21,684
EBITDA Margin	8.89%	9.45%	9.51%	9.10%	9.53%	8.95%
D&A For EBITDA	2,832	2,772	2,400	2,203	2,091	1,999
EBIT	32,203	32,358	28,435	23,970	22,405	19,685
EBIT Margin	8.18%	8.71%	8.77%	8.33%	8.71%	8.13%
Effective Tax Rate	24.86%	20.50%	21.65%	20.52%	23.98%	20.81%
Revenue as Reported	393,898	371,622	324,162	287,597	257,141	242,155

Source: S&P Capital IQ. Insurance template. Financial Sources.