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Dec 31, 2021

UnitedHealth Q4 2021 Earnings Report

UnitedHealth Group reported strong Q4 2021 results driven by growth across Optum and UnitedHealthcare.

Key Takeaways

UnitedHealth Group reported full year and fourth quarter 2021 results led by continued broad-based growth across the enterprise. Full Year and Fourth Quarter Net Earnings were $18.08 and $4.26 Per Share and Adjusted Net Earnings were $19.02 and $4.48 Per Share.

Revenues of $287.6 Billion Grew 12% Year-Over-Year, with Double-Digit Growth at both Optum and UnitedHealthcare

Cash Flows from Operations were $22.3 Billion or 1.3x Net Income

Full Year and Fourth Quarter Net Earnings were $18.08 and $4.26 Per Share

Full Year and Fourth Quarter Adjusted Net Earnings were $19.02 and $4.48 Per Share

Total Revenue
$73.7B
Previous year: $65.5B
+12.6%
EPS
$4.48
Previous year: $2.52
+77.8%
Optum Health Consumers
100M
Previous year: 98M
+2.0%
Gross Profit
$17.6B
Previous year: $15.8B
+11.6%
Cash and Equivalents
$21.4B
Previous year: $16.9B
+26.3%
Free Cash Flow
$2.52B
Previous year: $5.53B
-54.4%
Total Assets
$212B
Previous year: $197B
+7.6%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

UnitedHealth Group affirmed the 2022 growth and performance objectives established at its November 30, 2021 Investor Conference, including revenues of $317 billion to $320 billion, net earnings of $20.20 to $20.70 per share, adjusted net earnings of $21.10 to $21.60 per share and cash flows from operations of $23 billion to $24 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income