UnitedHealth Group Incorporated (UNH)
NYSE: UNH · Real-Time Price · USD
339.78
-8.11 (-2.33%)
At close: Sep 16, 2025, 4:00 PM EDT
339.90
+0.12 (0.04%)
After-hours: Sep 16, 2025, 5:06 PM EDT
UnitedHealth Group Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | +20 Quarters |
Premiums & Annuity Revenue | 87,905 | 86,534 | 76,483 | 77,442 | 76,897 | 77,988 | 73,228 | 72,339 | 72,474 | 72,786 | 64,700 | 64,491 | 63,896 | 64,070 | 57,547 | 56,967 | 56,233 | 55,486 | 50,581 | 50,863 | Upgrade |
Total Interest & Dividend Income | 1,108 | 1,033 | 841 | 1,643 | 997 | 1,011 | 903 | 997 | 1,115 | 798 | 644 | 513 | 295 | 367 | 813 | 503 | 556 | 452 | 445 | 351 | Upgrade |
Gain (Loss) on Sale of Investments | - | - | 710 | - | - | - | 276 | - | - | - | 211 | - | - | - | - | - | - | - | - | - | Upgrade |
Non-Insurance Activities Revenue | 13,564 | 13,036 | 13,475 | 12,631 | 12,211 | 11,909 | 11,311 | 10,354 | 10,651 | 10,267 | 9,398 | 9,190 | 9,496 | 9,340 | 8,961 | 8,703 | 8,433 | 8,340 | 8,690 | 8,777 | Upgrade |
Other Revenue | 9,039 | 8,972 | 9,298 | 9,104 | 8,750 | 8,888 | 8,709 | 8,671 | 8,663 | 8,080 | 7,834 | 6,700 | 6,645 | 6,372 | 6,422 | 6,164 | 6,099 | 5,918 | 5,751 | 5,124 | Upgrade |
| 111,616 | 109,575 | 100,807 | 100,820 | 98,855 | 99,796 | 94,427 | 92,361 | 92,903 | 91,931 | 82,787 | 80,894 | 80,332 | 80,149 | 73,743 | 72,337 | 71,321 | 70,196 | 65,467 | 65,115 | Upgrade | |
Revenue Growth (YoY) | 12.91% | 9.80% | 6.76% | 9.16% | 6.41% | 8.55% | 14.06% | 14.17% | 15.65% | 14.70% | 12.26% | 11.83% | 12.63% | 14.18% | 12.64% | 11.09% | 14.78% | 8.96% | 7.50% | 7.89% | Upgrade |
Policy Benefits | 78,585 | 73,411 | 67,035 | 65,957 | 65,458 | 65,735 | 62,231 | 59,550 | 60,268 | 59,845 | 53,591 | 52,635 | 52,093 | 52,523 | 48,159 | 47,302 | 46,546 | 44,904 | 42,082 | 41,636 | Upgrade |
Depreciation & Amortization | 1,084 | 1,061 | 1,041 | 1,041 | 1,020 | 997 | 974 | 1,007 | 1,021 | 970 | 982 | 828 | 802 | 788 | 771 | 796 | 778 | 758 | 732 | 719 | Upgrade |
Selling, General & Administrative | 13,778 | 13,594 | 12,494 | 13,280 | 13,162 | 14,077 | 13,339 | 13,855 | 13,809 | 13,625 | 13,009 | 11,663 | 11,709 | 11,401 | 11,272 | 10,725 | 10,359 | 10,223 | 11,514 | 10,174 | Upgrade |
Non-Insurance Activities Expense | 13,019 | 12,390 | 12,464 | 11,834 | 11,340 | 11,056 | 10,194 | 9,423 | 9,748 | 9,405 | 8,314 | 8,306 | 8,596 | 8,487 | 8,000 | 7,802 | 7,660 | 7,572 | 7,622 | 7,935 | Upgrade |
Total Operating Expenses | 106,466 | 100,456 | 93,034 | 92,112 | 90,980 | 91,865 | 86,738 | 83,835 | 84,846 | 83,845 | 75,896 | 73,432 | 73,200 | 73,199 | 68,202 | 66,625 | 65,343 | 63,457 | 61,950 | 60,464 | Upgrade |
Operating Income | 5,150 | 9,119 | 7,773 | 8,708 | 7,875 | 7,931 | 7,689 | 8,526 | 8,057 | 8,086 | 6,891 | 7,462 | 7,132 | 6,950 | 5,541 | 5,712 | 5,978 | 6,739 | 3,517 | 4,651 | Upgrade |
Interest Expense | -1,027 | -998 | -1,003 | -1,074 | -985 | -844 | -830 | -834 | -828 | -754 | -676 | -516 | -467 | -433 | -431 | -422 | -410 | -397 | -401 | -395 | Upgrade |
EBT Excluding Unusual Items | 4,123 | 8,121 | 6,770 | 7,634 | 6,890 | 7,087 | 6,859 | 7,692 | 7,229 | 7,332 | 6,215 | 6,946 | 6,665 | 6,517 | 5,110 | 5,290 | 5,568 | 6,342 | 3,116 | 4,256 | Upgrade |
Gain (Loss) on Sale of Assets | -41 | -15 | 21 | -20 | -1,225 | -7,086 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Pretax Income | 4,082 | 8,106 | 6,791 | 7,614 | 5,665 | 1 | 6,859 | 7,692 | 7,229 | 7,332 | 6,215 | 6,946 | 6,665 | 6,517 | 5,110 | 5,290 | 5,568 | 6,342 | 3,116 | 4,256 | Upgrade |
Income Tax Expense | 510 | 1,632 | 1,007 | 1,356 | 1,244 | 1,222 | 1,184 | 1,654 | 1,572 | 1,558 | 1,307 | 1,562 | 1,466 | 1,369 | 919 | 1,099 | 1,196 | 1,364 | 764 | 1,000 | Upgrade |
Earnings From Continuing Ops. | 3,572 | 6,474 | 5,784 | 6,258 | 4,421 | -1,221 | 5,675 | 6,038 | 5,657 | 5,774 | 4,908 | 5,384 | 5,199 | 5,148 | 4,191 | 4,191 | 4,372 | 4,978 | 2,352 | 3,256 | Upgrade |
Minority Interest in Earnings | -166 | -182 | -241 | -203 | -205 | -188 | -220 | -197 | -183 | -163 | -147 | -122 | -129 | -121 | -120 | -105 | -106 | -116 | -140 | -84 | Upgrade |
Net Income | 3,406 | 6,292 | 5,543 | 6,055 | 4,216 | -1,409 | 5,455 | 5,841 | 5,474 | 5,611 | 4,761 | 5,262 | 5,070 | 5,027 | 4,071 | 4,086 | 4,266 | 4,862 | 2,212 | 3,172 | Upgrade |
Net Income to Common | 3,406 | 6,292 | 5,543 | 6,055 | 4,216 | -1,409 | 5,455 | 5,841 | 5,474 | 5,611 | 4,761 | 5,262 | 5,070 | 5,027 | 4,071 | 4,086 | 4,266 | 4,862 | 2,212 | 3,172 | Upgrade |
Net Income Growth | -19.21% | - | 1.61% | 3.66% | -22.98% | - | 14.58% | 11.00% | 7.97% | 11.62% | 16.95% | 28.78% | 18.85% | 3.39% | 84.04% | 28.82% | -35.72% | 43.76% | -37.53% | -10.35% | Upgrade |
Shares Outstanding (Basic) | 907 | 912 | 927 | 923 | 921 | 922 | 935 | 926 | 930 | 933 | 947 | 935 | 937 | 941 | 955 | 943 | 944 | 945 | 961 | 950 | Upgrade |
Shares Outstanding (Diluted) | 910 | 918 | 927 | 930 | 928 | 922 | 935 | 936 | 940 | 943 | 947 | 948 | 950 | 954 | 955 | 955 | 956 | 957 | 961 | 962 | Upgrade |
Shares Change (YoY) | -1.94% | -0.43% | -0.86% | -0.64% | -1.28% | -2.23% | -1.27% | -1.27% | -1.05% | -1.15% | -0.84% | -0.73% | -0.63% | -0.31% | -0.62% | -0.73% | -0.42% | -0.52% | -0.10% | -0.10% | Upgrade |
EPS (Basic) | 3.76 | 6.90 | 5.98 | 6.56 | 4.58 | -1.53 | 5.83 | 6.31 | 5.89 | 6.01 | 5.03 | 5.63 | 5.41 | 5.34 | 4.26 | 4.33 | 4.52 | 5.14 | 2.30 | 3.34 | Upgrade |
EPS (Diluted) | 3.74 | 6.85 | 5.98 | 6.51 | 4.54 | -1.53 | 5.83 | 6.24 | 5.82 | 5.95 | 5.03 | 5.55 | 5.34 | 5.27 | 4.26 | 4.28 | 4.46 | 5.08 | 2.30 | 3.30 | Upgrade |
EPS Growth | -17.62% | - | 2.56% | 4.33% | -21.99% | - | 15.97% | 12.43% | 8.99% | 12.90% | 17.94% | 29.67% | 19.73% | 3.74% | 85.34% | 29.70% | -35.46% | 44.32% | -37.52% | -10.08% | Upgrade |
Free Cash Flow | 6,302 | 4,558 | 1,457 | 12,954 | 5,893 | 401 | -6,152 | 6,064 | 10,203 | 15,567 | -5,399 | 17,825 | 6,214 | 4,764 | 2,523 | 6,951 | 4,978 | 5,437 | 5,527 | 2,570 | Upgrade |
Free Cash Flow Per Share | 6.92 | 4.96 | 1.57 | 13.93 | 6.35 | 0.43 | -6.58 | 6.48 | 10.85 | 16.51 | -5.70 | 18.80 | 6.54 | 4.99 | 2.64 | 7.28 | 5.21 | 5.68 | 5.75 | 2.67 | Upgrade |
Dividend Per Share | 2.210 | 2.100 | 2.100 | 2.100 | 2.100 | 1.880 | 1.880 | 1.880 | 1.880 | 1.650 | 1.650 | 1.650 | 1.650 | 1.450 | 1.450 | 1.450 | 1.450 | 1.250 | 1.250 | 1.250 | Upgrade |
Dividend Growth | 5.24% | 11.70% | 11.70% | 11.70% | 11.70% | 13.94% | 13.94% | 13.94% | 13.94% | 13.79% | 13.79% | 13.79% | 13.79% | 16.00% | 16.00% | 16.00% | 16.00% | 15.74% | 15.74% | 15.74% | Upgrade |
Operating Margin | 4.61% | 8.32% | 7.71% | 8.64% | 7.97% | 7.95% | 8.14% | 9.23% | 8.67% | 8.80% | 8.32% | 9.22% | 8.88% | 8.67% | 7.51% | 7.90% | 8.38% | 9.60% | 5.37% | 7.14% | Upgrade |
Profit Margin | 3.05% | 5.74% | 5.50% | 6.01% | 4.26% | -1.41% | 5.78% | 6.32% | 5.89% | 6.10% | 5.75% | 6.50% | 6.31% | 6.27% | 5.52% | 5.65% | 5.98% | 6.93% | 3.38% | 4.87% | Upgrade |
Free Cash Flow Margin | 5.65% | 4.16% | 1.44% | 12.85% | 5.96% | 0.40% | -6.51% | 6.57% | 10.98% | 16.93% | -6.52% | 22.04% | 7.74% | 5.94% | 3.42% | 9.61% | 6.98% | 7.75% | 8.44% | 3.95% | Upgrade |
EBITDA | 6,234 | 10,180 | 8,814 | 9,749 | 8,895 | 8,928 | 8,663 | 9,533 | 9,078 | 9,056 | 7,873 | 8,290 | 7,934 | 7,738 | 6,312 | 6,508 | 6,756 | 7,497 | 4,249 | 5,370 | Upgrade |
EBITDA Margin | 5.58% | 9.29% | 8.74% | 9.67% | 9.00% | 8.95% | 9.17% | 10.32% | 9.77% | 9.85% | 9.51% | 10.25% | 9.88% | 9.65% | 8.56% | 9.00% | 9.47% | 10.68% | 6.49% | 8.25% | Upgrade |
D&A For EBITDA | 1,084 | 1,061 | 1,041 | 1,041 | 1,020 | 997 | 974 | 1,007 | 1,021 | 970 | 982 | 828 | 802 | 788 | 771 | 796 | 778 | 758 | 732 | 719 | Upgrade |
EBIT | 5,150 | 9,119 | 7,773 | 8,708 | 7,875 | 7,931 | 7,689 | 8,526 | 8,057 | 8,086 | 6,891 | 7,462 | 7,132 | 6,950 | 5,541 | 5,712 | 5,978 | 6,739 | 3,517 | 4,651 | Upgrade |
EBIT Margin | 4.61% | 8.32% | 7.71% | 8.64% | 7.97% | 7.95% | 8.14% | 9.23% | 8.67% | 8.80% | 8.32% | 9.22% | 8.88% | 8.67% | 7.51% | 7.90% | 8.38% | 9.60% | 5.37% | 7.14% | Upgrade |
Effective Tax Rate | 12.49% | 20.13% | 14.83% | 17.81% | 21.96% | 122200.00% | 17.26% | 21.50% | 21.75% | 21.25% | 21.03% | 22.49% | 22.00% | 21.01% | 17.98% | 20.77% | 21.48% | 21.51% | 24.52% | 23.50% | Upgrade |
Revenue as Reported | 111,616 | 109,575 | 100,807 | 100,820 | 98,855 | 99,796 | 94,427 | 92,361 | 92,903 | 91,931 | 82,787 | 80,894 | 80,332 | 80,149 | 73,743 | 72,337 | 71,321 | 70,196 | 65,467 | 65,115 | Upgrade |
Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.