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Jun 30, 2020
UnitedHealth Q2 2020 Earnings Report
UnitedHealth Group expanded its COVID-19 response efforts and reported substantially higher than anticipated second quarter performance, primarily due to temporary deferral of care in risk-based businesses.
Key Takeaways
UnitedHealth Group's Q2 2020 revenues increased by $1.5 billion to $62.1 billion. Earnings from operations increased $4.5 billion to $9.2 billion, impacted primarily by deferred care in risk-based businesses. Net earnings per share was $6.91, and adjusted net earnings per share was $7.12.
Revenues increased $1.5 billion to $62.1 billion, reflecting growth at Optum and the UnitedHealthcare public-sector and senior businesses.
Earnings from operations increased $4.5 billion to $9.2 billion, impacted primarily by deferred care in the risk-based businesses.
Cash flows from operations were $10.0 billion, 1.5 times net income.
The medical care ratio declined to 70.2% from 83.1% last year due to the temporary deferral of care.
UnitedHealth
UnitedHealth
UnitedHealth Revenue by Segment
Revenue by Segment
Premiums Revenue
CapyFin.comProducts Revenue
CapyFin.comServices Revenue
CapyFin.comInvestment & Other Income Revenue
CapyFin.com Forward Guidance
The Company is maintaining its full year earnings per share outlook for 2020 of net earnings of $15.45 to $15.75 per share and adjusted net earnings of $16.25 to $16.55 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income