•
Mar 31, 2023

UnitedHealth Q1 2023 Earnings Report

Reported first quarter results reflecting consistent broad-based growth at Optum and UnitedHealthcare.

Key Takeaways

UnitedHealth Group's first quarter 2023 revenues grew 15% to $91.9 billion year-over-year. Earnings from operations were $8.1 billion, a 16% increase. The company increased its full year net earnings outlook to $23.25 to $23.75 per share and adjusted net earnings to $24.50 to $25.00 per share.

Revenues of $91.9 billion, grew 15% Year-Over-Year

Earnings from Operations Grew 16%

Cash Flows from Operations were $16.3 Billion; Adjusted Cash Flows from Operations were $5.1 Billion

Earnings were $5.95 Per Share, Adjusted Earnings $6.26 Per Share

Total Revenue
$91.9B
Previous year: $80.1B
+14.7%
EPS
$6.26
Previous year: $5.49
+14.0%
Optum Health Consumers
103M
Previous year: 100M
+3.0%
Gross Profit
$21.9B
Previous year: $19.1B
+14.3%
Cash and Equivalents
$41.9B
Previous year: $25.5B
+64.5%
Free Cash Flow
$15.6B
Previous year: $4.76B
+226.8%
Total Assets
$284B
Previous year: $221B
+28.2%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

The company increased its full year net earnings outlook to $23.25 to $23.75 per share and adjusted net earnings to $24.50 to $25.00 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income