UnitedHealth Q2 2023 Earnings Report
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.
UnitedHealth
UnitedHealth
UnitedHealth 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