HighGravityDataUnitedHealth Group — Jul 29, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000731766-25-000228
Showing in the filing
Revenues - UnitedHealthcare
“344,000 - 345,500”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 77
Adjusted Net Earnings per Share (a) for FY2025
“At least $16.00”
Revenue Outlook for FY2025
“$445.5 Billion to $448.0 Billion”
Earnings Outlook (Diluted EPS) for FY2025
“at least $14.65 Per Share”
Return to earnings growth for FY2026
“return to earnings growth”
Total Optum Revenues for FY2025
“$266,000 - $267,500”
Eliminations - Revenue for FY2025
“($164,500) - ($165,000)”
Total UnitedHealth Group - Revenue for FY2025
“$445,500 - $448,000”
Diluted Net Earnings per Share for FY2025
“At least $14.65”
Medical cost ratio for FY2025
“89.25% +/- 25 basis points”
Operating cost ratio for FY2025
“12.75% +/- 25 basis points”
Quarterly dividend rate
“$2.21”
Employer & Individual Revenues for FY2025
“$79,600 - $80,100”
Medicare & Retirement Revenues for FY2025
“$170,200 - $170,700”
Community & State Revenues for FY2025
“$94,200 - $94,700”
Total UnitedHealthcare Revenue for FY2025
“$344,000 - $345,500”
UnitedHealthcare - Operating Earnings for FY2025
“$9,000 - $9,300”
UnitedHealthcare Operating Margin for FY2025
“2.6% - 2.7%”
Commercial Risk - Growth in People Served for FY2025
“(385)”
Commercial Risk - Total People Served for FY2025
“8,460”
Commercial Fee - Growth in People Served for FY2025
“720”
Commercial Fee - Total People Served for FY2025
“21,605”
Total Commercial - Growth in People Served for FY2025
“335”
Total Commercial - Total People Served for FY2025
“30,065”
Medicare Advantage - Growth in People Served for FY2025
“650”
Medicare Advantage - Total People Served for FY2025
“8,495”
Standardized Medicare Supplement - Growth in… for FY2025
“(50)”
Standardized Medicare Supplement - Total Peo… for FY2025
“4,285”
Medicaid - Growth in People Served for FY2025
“200”
Medicaid - Total People Served for FY2025
“7,635”
Total Medical - Growth in People Served for FY2025
“1,135”
Total Medical - Total People Served for FY2025
“50,480”
Stand-Alone Part D Prescription Drug Plans -… for FY2025
“(300)”
Stand-Alone Part D Prescription Drug Plans -… for FY2025
“2,750”
UnitedHealthcare revenues for FY2025
“$344.0 billion to $345.5 billion”
UnitedHealthcare earnings from operations for FY2025
“$9.0 billion to $9.3 billion”
People served with medical benefits, expecte… for FY2025
“up to 1.135 million”
People served with commercial benefits, expe… for FY2025
“up to 335,000”
Growth within self-funded employer-sponsored… for FY2025
“720,000”
People served with commercial insured offeri… for FY2025
“385,000”
Contraction in individual insured offerings for FY2025
“180,000”
Decline in employer-sponsored group products for FY2025
“205,000”
Medical cost trend in Medicare Advantage off… for FY2025
“~7.5%”
Pricing expectation for Medicare Advantage for FY2025
“just over 5%”
Medicare Advantage medical cost trend accele… for FY2026
“nearly 10%”
Optum Health Operating Earnings for FY2025
“$3,000 - $3,100”
Optum Insight Operating Earnings for FY2025
“$3,550 - $3,650”
Optum Rx Operating Earnings for FY2025
“$6,000 - $6,100”
Optum Eliminations Revenues for FY2025
“($5,100)”
Total Optum Operating Margin for FY2025
“4.7% - 4.8%”
Optum Health Fully Accountable Value-Based C… for FY2025
“5 million”
Optum Insight contract revenue backlog for FY2025
“$32.0 billion”
Optum Rx adjusted scripts for FY2025
“1.67 billion”
Optum Health revenues for FY2025
“$101.1 billion to $101.6 billion”
Optum Health earnings from operations for FY2025
“$3.0 billion to $3.1 billion”
Optum Health operating earnings margin for FY2025
“3.0% to 3.1%”
Optum Health patients served under fully acc… for FY2025
“~300,000 to 5 million”
Optum Insight revenues for FY2025
“$19.0 billion to $19.5 billion”
Optum Insight earnings from operations for FY2025
“$3.55 billion to $3.65 billion”
Optum Insight operating earnings margin for FY2025
“18.2% to 19.2%”
Optum Rx revenues for FY2025
“$151.0 billion to $151.5 billion”
Optum Rx earnings from operations for FY2025
“$6.0 billion to $6.1 billion”
Optum Rx operating margin for FY2025
“4.0%”
Revenues - UnitedHealthcare for FY2025
“344,000 - 345,500”
Revenues - Eliminations for FY2025
“(164,500) - (165,000)”
Total consolidated revenue for FY2025
“$445,500 - $448,000”
Earnings from operations - Optum for FY2025
“$12,550 - $12,850”
Total Optum Operating Earnings for FY2025
“$12,550 - $12,850”
Earnings from operations - UnitedHealthcare for FY2025
“9,000 - 9,300”
Total UnitedHealth Group - Operating Earnings for FY2025
“$21,550 - $22,150”
Investment and other income for FY2025
“~$4,400”
Interest expense for FY2025
“~$4,200”
Depreciation and amortization for FY2025
“~$4,300”
Net earnings attributable to UnitedHealth Gr… for FY2025
“At least $13,350”
Diluted weighted-average shares outstanding for FY2025
“912 - 914”
Operating margin for FY2025
“4.8% - 5.0%”
Tax rate for FY2025
“~18.5%”
Cash flows from operations for FY2025
“~$16,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
Investors: Media: investor_relations@uhg.com uhgmedia@uhg.com Page 7 of 16 UNITEDHEALTH GROUP Earnings Release Schedules and Supplementary Information Quarter Ended June 30, 2025 • Supplemental Financial Information - 2025 Outlook • Condensed Consolidated Statements of Operations • Condensed Consolidated Balance Sheets • Condensed Consolidated Statements of Cash Flows • Supplemental Financial Information - Businesses • Supplemental Financial Information - People Served and Performance Metrics • Reconciliation of Non-GAAP Financial Measure Page 8 of 16 UNITEDHEALTH GROUP SUPPLEMENTAL FINANCIAL INFORMATION - 2025 OUTLOOK ($ and weighted-average shares in millions; except per share data) Projected Year Ended December 31, 2025 Revenues: Optum $266,000 - $267,500 UnitedHealthcare 344,000 - 345,500 Eliminations (164,500) - (165,000) Total consolidated revenue $445,500 - $448,000 Earnings from operations: Optum $12,550 - $12,850 UnitedHealthcare 9,000 - 9,300 Total consolidated operating earnings $21,550 - $22,150 Investment and other income ~$4,400 Interest expense ~$4,200 Depreciation and amortization ~$4,300 Net earnings attributable to UnitedHealth Group common shareholders At least $13,350 Diluted weighted-average shares outstanding 912 - 914 Diluted earnings per share attributable to UnitedHealth Group common shareholders At least $14.65 Adjusted earnings per share attributable to UnitedHealth Group common shareholders (a) At least $16.00 Medical care ratio 89.25% +/- 25 bps Operating cost ratio 12.75% +/- 25 bps Operating margin 4.8% - 5.0% Tax rate ~18.5% Cash flows from operations ~$16,000 (a) See page 15 for a reconciliation of the non-GAAP measure. Page 9 of 16 UNITEDHEALTH GROUP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data; unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues Premiums $87,905 $76,897 $174,439 $154,885 Products 13,564 12,211 26,600 24,120 Services 9,039 8,750 18,011
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.