UnitedHealth Group Incorporated (UNH)

UnitedHealth Group Balance Sheet

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

Fiscal Quarter	Q4 2025	Q3 2025	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
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Other Investments	58,007	56,400	55,890	55,437	54,055	53,423	51,150	50,224	49,910	50,656	50,454	51,468	46,674	45,239	45,779	45,267	43,846	47,563	46,790	45,368
Total Investments	58,007	56,400	55,890	55,437	54,055	53,423	51,150	50,224	49,910	50,656	50,454	51,468	46,674	45,239	45,779	45,267	43,846	47,563	46,790	45,368
Cash & Equivalents	24,365	27,210	28,596	30,717	25,312	32,400	26,286	28,414	25,427	38,915	41,813	41,913	23,365	38,845	24,612	25,482	21,375	21,085	19,832	19,955
Other Receivables	23,018	55,434	52,724	52,958	48,454	47,485	49,877	46,481	38,970	38,425	34,083	37,110	30,450	30,731	31,157	30,865	28,082	28,232	27,217	27,526
Separate Account Assets	-	-	-	-	-	-	3,414	3,619	3,755	3,616	3,623	3,837	4,087	4,022	4,017	4,155	4,449	4,304	4,198	4,094
Property, Plant & Equipment	-	11,104	10,923	10,734	4,895	10,139	9,801	10,429	6,457	11,070	10,926	10,637	5,923	9,469	9,421	9,183	5,392	8,730	8,735	8,496
Goodwill	-	110,340	107,677	107,566	106,734	105,978	105,436	105,664	103,732	101,703	101,669	100,406	93,352	83,904	84,159	77,548	75,795	75,435	75,827	72,162
Other Intangible Assets	-	22,785	22,510	22,947	28,926	23,594	14,729	15,543	20,187	15,200	15,643	16,165	18,606	10,785	11,285	9,918	13,621	10,436	10,806	10,842
Other Current Assets	39,443	9,019	8,955	9,036	8,212	7,639	7,424	6,132	6,084	5,767	5,884	6,451	6,621	5,657	5,218	5,613	5,320	5,203	4,940	4,971
Other Long-Term Assets	164,748	22,977	21,298	20,395	21,690	18,651	17,939	17,704	19,198	16,711	16,069	15,692	16,627	14,412	14,524	13,207	14,326	12,057	11,947	11,757
Total Assets	309,581	315,269	308,573	309,790	298,278	299,309	286,056	284,210	273,720	282,063	280,164	283,679	245,705	243,064	230,172	221,238	212,206	213,045	210,292	205,171
Accounts Payable	-	36,033	34,330	33,566	34,337	33,080	30,886	30,738	31,958	31,164	29,516	29,856	27,715	27,232	25,145	25,058	24,643	24,292	23,013	22,997
Unpaid Claims	39,337	40,181	38,427	37,136	34,224	33,951	32,547	34,032	32,395	32,792	31,947	31,809	29,056	29,064	28,978	28,676	24,483	25,918	25,131	24,833
Unearned Premiums	-	3,366	3,032	3,296	3,317	3,320	2,572	3,206	3,355	15,311	14,852	14,487	3,075	12,847	2,212	2,675	2,571	2,556	2,365	2,612
Current Portion of Long-Term Debt	-	4,837	-	4,786	3,245	2,709	1,471	2,487	3,186	-	-	-	2,310	3,229	5,592	6,697	3,620	-	-	3,483
Current Portion of Leases	-	-	-	-	1,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-Term Debt	6,069	2,900	5,698	5,200	1,300	1,200	9,900	7,300	1,088	5,290	6,321	9,931	800	-	-	-	-	3,620	3,868	5,355
Long-Term Debt	72,320	72,399	73,495	71,285	72,359	74,101	63,727	63,850	58,263	58,079	59,268	60,657	54,513	45,438	45,799	40,796	42,383	43,345	44,348	37,420
Long-Term Leases	-	-	-	-	3,875	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-Term Deferred Tax Liabilities	-	3,162	3,804	3,902	3,620	4,014	3,631	4,167	3,021	2,210	2,498	2,834	2,769	1,659	2,581	2,954	3,265	3,649	3,641	3,602
Other Current Liabilities	69,491	28,209	29,294	29,487	26,332	27,305	27,294	26,668	27,072	29,622	30,345	30,399	26,281	28,563	26,771	25,064	22,975	23,189	22,180	21,361
Other Long-Term Liabilities	20,666	18,369	15,709	15,963	12,064	15,174	14,794	14,844	14,463	13,615	13,261	13,084	12,839	12,111	11,967	11,671	11,787	11,844	12,425	12,926
Total Liabilities	207,883	209,456	203,789	204,621	195,687	194,854	186,822	187,292	174,801	188,083	188,008	193,057	159,358	160,143	149,045	143,591	135,727	138,413	136,971	134,589
Common Stock	100,090	9	9	9	9	9	9	9	9	9	9	9	9	10	10	10	10	10	10	10
Additional Paid-In Capital	-	394	-	-	-	461	373	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-	97,595	97,250	97,934	96,036	96,518	92,400	90,118	95,774	93,173	89,994	88,852	86,156	83,722	80,540	78,782	77,134	75,124	73,090	71,220
Comprehensive Income & Other	-	-2,211	-2,535	-2,905	-3,387	-2,453	-3,423	-3,439	-7,027	-8,688	-7,650	-7,549	-8,393	-9,086	-7,730	-6,026	-5,384	-4,856	-4,086	-4,826
Total Common Equity	100,090	95,787	94,724	95,038	92,658	94,535	89,359	86,688	88,756	84,494	82,353	81,312	77,772	74,646	72,820	72,766	71,760	70,278	69,014	66,404
Minority Interest	1,608	10,026	10,060	10,131	9,933	9,920	9,875	10,230	10,163	9,486	9,803	9,310	8,575	8,275	8,307	4,881	4,719	4,354	4,307	4,178
Shareholders' Equity	101,698	105,813	104,784	105,169	102,591	104,455	99,234	96,918	98,919	93,980	92,156	90,622	86,347	82,921	81,127	77,647	76,479	74,632	73,321	70,582
Total Liabilities & Equity	309,581	315,269	308,573	309,790	298,278	299,309	286,056	284,210	273,720	282,063	280,164	283,679	245,705	243,064	230,172	221,238	212,206	213,045	210,292	205,171
Filing Date Shares Outstanding	910	905.84	905.67	907.14	914.71	920.28	923.42	920.39	921.93	924.93	926.31	931.03	932.85	934.35	935.38	938.17	940.9	941.85	942.92	943.7
Total Common Shares Outstanding	910	906	905	910	915	923	921	920	924	925	927	932	934	935.38	935	939	941	942	943	944
Total Debt	78,389	80,136	79,193	81,271	81,793	78,010	75,098	73,637	62,537	63,369	65,589	70,588	57,623	48,667	51,391	47,493	46,003	46,965	48,216	46,258
Net Cash (Debt)	-54,024	-52,926	-50,597	-50,554	-56,481	-45,610	-48,812	-45,223	-37,110	-24,454	-23,776	-28,675	-34,258	-9,822	-26,779	-22,011	-24,628	-25,880	-28,384	-26,303
Net Cash Per Share	-59.37	-58.29	-55.60	-55.07	-60.93	-49.04	-52.60	-49.05	-39.69	-26.13	-25.29	-30.41	-36.18	-10.36	-28.19	-23.07	-25.79	-27.10	-29.69	-27.48
Book Value Per Share	109.99	105.73	104.67	104.44	101.27	102.42	97.02	94.23	96.06	91.34	88.84	87.24	83.27	79.80	77.88	77.49	76.26	74.61	73.19	70.34
Tangible Book Value	100,090	-37,338	-35,463	-35,475	-43,002	-35,037	-30,806	-34,519	-35,163	-32,409	-34,959	-35,259	-34,186	-20,043	-22,624	-14,700	-17,656	-15,593	-17,619	-16,600
Tangible Book Value Per Share	109.99	-41.21	-39.19	-38.98	-47.00	-37.96	-33.45	-37.52	-38.06	-35.04	-37.71	-37.83	-36.60	-21.43	-24.20	-15.65	-18.76	-16.55	-18.68	-17.58
Land	-	-	-	-	364	-	-	-	712	-	-	-	697	-	-	-	502	-	-	-
Buildings	-	-	-	-	4,215	-	-	-	5,573	-	-	-	5,519	-	-	-	4,882	-	-	-
Machinery	-	-	-	-	3,961	-	-	-	4,382	-	-	-	4,206	-	-	-	3,865	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q