UnitedHealth Q2 2024 Earnings Report
Key Takeaways
UnitedHealth Group reported Q2 2024 results with revenues of $98.9 billion, a $6 billion year-over-year increase led by Optum. Reported earnings were $4.54 per share, while adjusted earnings were $6.80 per share, including $0.28 in business disruption impacts. The company updated its full year 2024 net earnings outlook to $15.95 to $16.40 per share.
Revenues grew nearly $6 billion year-over-year to $98.9 billion, led by Optum.
Consumers served by UnitedHealthcare's commercial domestic offerings grew by 2.3 million year-to-date.
Cash flows from operations were $6.7 billion, 1.5 times net income.
Adjusted earnings of $6.80 per share include $0.28 in business disruption impacts and exclude South American and direct response costs.
UnitedHealth
UnitedHealth
UnitedHealth Revenue by Segment
Forward Guidance
The company updated its full year 2024 net earnings outlook to $15.95 to $16.40 per share to reflect the classification to held for sale of its remaining South America operations and the estimated Change Healthcare cyberattack impacts. The company affirmed the adjusted net earnings outlook of $27.50 to $28.00 per share established at its November 2023 Investor Conference.
Revenue & Expenses
Visualization of income flow from segment revenue to net income