UnitedHealth Q1 2024 Earnings Report
Key Takeaways
UnitedHealth Group's Q1 2024 revenues reached $99.8 billion, a year-over-year increase of nearly $8 billion. The company faced a net loss of $1.53 per share due to currency effects from the Brazil sale and the Change Healthcare cyberattack, which had a $0.74 per share impact. Adjusted earnings were $6.91 per share, including $0.25 in business disruption impacts from the cyberattack.
Revenues grew nearly $8 billion year over year to $99.8 billion.
Net loss of $1.53 per share was primarily due to currency effects of the Brazil sale and the cyberattack.
Adjusted earnings were $6.91 per share, including $0.25 in business disruption impacts from the cyberattack.
The company provided over $6 billion in advance funding and interest-free loans to support care providers affected by the cyberattack.
UnitedHealth
UnitedHealth
UnitedHealth Revenue by Segment
UnitedHealth Revenue by Geographic Location
Forward Guidance
The company updated its full year 2024 net earnings outlook to $17.60 to $18.20 per share to reflect the Brazil sale and the estimated direct response costs of the cyberattack. The company maintained its adjusted net earnings outlook of $27.50 to $28.00 per share. This adjusted earnings per share outlook excludes the impacts of the direct response costs and Brazil sale, while including the estimated $0.30 to $0.40 per share of business disruption impacts for the affected Change Healthcare services.
Revenue & Expenses
Visualization of income flow from segment revenue to net income