UnitedHealth Group — Jan 16, 2025 release

7 UNITEDHEALTH GROUP RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in millions, except per share data; unaudited) Adjusted Net Earnings Per Share Three Months Ended December 31, Year Ended December 31, Projected Year Ended December 31, 2024 2023 2024 2023 2025 Net earnings attributable to UnitedHealth Group common shareholders $5,543 $5,455 $14,405 $22,381 $25,850 - $26,450 Intangible amortization 423 400 1,665 1,578 ~1,625 Tax effect of intangible amortization (103) (100) (408) (392) ~(400) South American impacts 24 — 8,459 — — Tax effect of South American impacts 27 — (126) — — Direct response costs - cyberattack 513 — 2,223 — — Tax effect of direct response costs - cyberattack (116) — (519) — — Adjusted net earnings attributable to UnitedHealth Group common shareholders $6,311 $5,755 $25,699 $23,567 $27,075 - $27,675 Diluted earnings per share $5.98 $5.83 $15.51 $23.86 $28.15 - $28.65 Intangible amortization per share 0.46 0.44 1.79  1.68 ~1.75 Tax effect of intangible amortization per share (0.11) (0.11) (0.44) (0.42) ~(0.40) South American impacts per share 0.03 — 9.11  — — Tax effect of South American impacts per share 0.03 — (0.14) — — Direct response costs - cyberattack per share 0.55 — 2.39 — — Tax effects of direct response costs - cyberattack per share (0.13) — (0.56) — — Adjusted diluted earnings per share $6.81 $6.16 $27.66 $25.12 $29.50 - $30.00 Additional Information: Total Cyberattack Impacts Business disruption impacts (a) $120 $— $867 $— $— Tax effect of business disruption impacts (a) (14) — (153) — — Business disruption impacts, net of tax (a) $106 $— $714 $— $— Business disruption impacts per share (a) $0.12 $— $0.77 $— $— Total cyberattack impacts $633 $— $3,090 $— $— Tax effect of total cyberattack impacts (130) — (672) — — Total cyberattack impacts, net of tax $503 $— $2,418 $— $— Total cyberattack impacts per share $0.54 $— $2.60 $— $— (a) Amounts represent reduced revenues due to business disruption. These amounts are not included within the adjustment to net earnings. 8 Adjusted Net Margin Three Months Ended December 31, 2024 Year Ended December 31, 2024 Consolidated revenue $100,807 $400,278 South American impacts — 220 Adjusted consolidated revenues $100,807 $400,498 Net earnings attributable to UnitedHealth Group common shareholders $5,543 $14,405 South American impacts 24 8,459 Tax effect of South American impacts 27 (126) Direct response costs - cyberattack 513 2,223 Tax effect of direct response costs - cyberattack (116) (519) Adjusted net earnings attributable to UnitedHealth Group common shareholders