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Jun 30, 2023
UnitedHealth Q2 2023 Earnings Report
Strong growth was achieved across UnitedHealth Group in Q2 2023, driven by diverse health care capabilities and dedicated colleagues.
Key Takeaways
UnitedHealth Group reported strong and well-balanced growth in the second quarter of 2023. Revenues reached $92.9 billion, a 16% year-over-year increase, and earnings from operations grew by 13%. The company has strengthened its full year net earnings outlook to $23.45 to $23.75 per share and adjusted net earnings to $24.70 to $25.00 per share.
Revenues grew 16% year-over-year to $92.9 billion, with double-digit growth in both Optum and UnitedHealthcare.
Earnings from operations increased 13% to $8.1 billion, driven by strong contributions from Optum and UnitedHealthcare.
Cash flows from operations were $11.0 billion, or 2-times net income.
The company returned $4.8 billion to shareholders through dividends and share repurchases and increased its annual dividend rate by 14% in June.
Revenue by Segment
Forward Guidance
The company strengthened the range of its full year net earnings outlook to $23.45 to $23.75 per share and adjusted net earnings to $24.70 to $25.00 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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