HighGravityDataUnitedHealth Group — Apr 21, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000731766-26-000121
Showing in the filing
Projected 2026 expected reduction of loss contracts reserves
“$402 million”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 12
Earnings outlook for FY2026
“Greater Than $17.35 Per Share”
Adjusted earnings outlook for FY2026
“Greater Than $18.25 Per Share”
Alegeus Technologies acquisition earnings im… for FY2026
“earnings neutral to 2026”
Share repurchase for Q2 FY2026
“at least $2 billion”
Long-term debt-to-capital ratio target for the long term
“approximately 40.0%”
Timing to reach long-term debt-to-capital ra… for the long term
“expects to reach that level in the back half of 2026”
Stock repurchase for Q2 FY2026
“at least $2.0 billion”
Projected 2026 expected reduction of loss co… for FY2026
“$402 million”
Net earnings attributable to UnitedHealth Gr… for FY2026
“> $15,800”
Adjusted net earnings attributable to United… for FY2026
“> $16,610”
Diluted earnings per share for FY2026
“> $17.35”
Adjusted diluted earnings per share for FY2026
“> $18.25”
Exhibit 99.1 · the passage around this item
… earlier in the release
These items are not representative of the Company's underlying business and management believes that the exclusion of these items presents a more useful comparison of the Company’s underlying business performance and trends from period to period. Adjusted earnings per share for the projected year ended December 31, 2026 excludes the expected reduction of loss contracts reserves of $402 million in addition to the $137 million recognized in the first quarter of 2026. Page 15 of 16
UNITEDHEALTH GROUP RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in millions, except per share data; unaudited) Adjusted Net Earnings Per Share Three Months Ended March 31, Projected Year Ended December 31, 2026 2025 2026 Net earnings attributable to UnitedHealth Group common shareholders .......................................................................... $6,280 $6,292 > $15,800 Intangible amortization ............................................................................................................................................................... 334 417 ~1,325 Net portfolio divestitures and South American impacts (1) .................................................................................................. (158) — ~(60) Restructuring and other (2) ....................................................................................................................................................... 204 — ~(200) Tax effect of adjustments .....................................................................................................................
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.