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Mar 31, 2022

UnitedHealth Q1 2022 Earnings Report

UnitedHealth Group's financial performance for Q1 2022 demonstrated strong growth and profitability, driven by double-digit revenue increases in both Optum and UnitedHealthcare, and an increase to the full year net earnings outlook.

Key Takeaways

UnitedHealth Group reported strong first quarter 2022 results, with revenues of $80.1 billion, a 14% year-over-year increase. Earnings were $5.27 per share, and adjusted earnings were $5.49 per share. The company increased its full year net earnings outlook to $20.30 to $20.80 per share and adjusted net earnings to $21.20 to $21.70 per share.

Revenues of $80.1 billion grew $10 billion or 14% year-over-year, with double-digit growth at both Optum and UnitedHealthcare.

Earnings from Operations were $7 Billion.

Cash Flows from Operations were $5.3 Billion.

Earnings were $5.27 Per Share, Adjusted Earnings $5.49 Per Share.

Total Revenue
$80.1B
Previous year: $70.2B
+14.2%
EPS
$5.49
Previous year: $5.31
+3.4%
Optum Health Consumers
100M
Previous year: 99M
+1.0%
Gross Profit
$19.1B
Previous year: $17.7B
+8.0%
Cash and Equivalents
$25.5B
Previous year: $20B
+27.7%
Free Cash Flow
$4.76B
Previous year: $5.44B
-12.4%
Total Assets
$221B
Previous year: $205B
+7.8%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

Based upon the first quarter performance and enterprise-wide growth outlook, the Company increased its full year net earnings outlook to $20.30 to $20.80 per share and adjusted net earnings to $21.20 to $21.70 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income