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Sep 30, 2023

UnitedHealth Q3 2023 Earnings Report

UnitedHealth Group reported third quarter results, demonstrating growth in revenues and earnings from operations.

Key Takeaways

UnitedHealth Group's Q3 2023 revenues grew by 14% year-over-year to $92.4 billion, with earnings from operations increasing by 14% to $8.5 billion. Adjusted earnings per share were $6.56. The growth was driven by Optum and UnitedHealthcare.

Revenues grew 14% year-over-year to $92.4 billion.

Earnings from operations increased 14%.

Cash flows from operations were $6.9 billion.

Adjusted earnings per share were $6.56.

Total Revenue
$92.4B
Previous year: $80.9B
+14.2%
EPS
$6.56
Previous year: $5.79
+13.3%
Optum Health Consumers
103M
Previous year: 101M
+2.0%
Gross Profit
$22.4B
Previous year: $20B
+12.2%
Cash and Equivalents
$38.9B
Previous year: $38.8B
+0.2%
Free Cash Flow
$6.06B
Previous year: $17.8B
-66.0%
Total Assets
$282B
Previous year: $243B
+16.0%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

The company strengthened the range of its full year 2023 net earnings outlook to $23.60 to $23.75 per share and adjusted net earnings to $24.85 to $25.00 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income