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Dec 31, 2022

UnitedHealth Q4 2022 Earnings Report

UnitedHealth reported strong Q4 2022 results driven by growth at Optum and UnitedHealthcare.

Key Takeaways

UnitedHealth Group reported full year and fourth quarter 2022 results reflecting broad-based growth at Optum and UnitedHealthcare. Revenues of $324.2 Billion Grew 13% Year-Over-Year, with Double-Digit Growth at both Optum and UnitedHealthcare. Full Year and Fourth Quarter Net Earnings were $21.18 and $5.03 Per Share and Adjusted Net Earnings were $22.19 and $5.34 Per Share.

Revenues of $82.8 billion grew year-over-year.

Earnings from Operations were $6.9 billion.

Net Earnings were $4.908 billion.

Adjusted earnings per share was $5.34.

Total Revenue
$82.8B
Previous year: $73.7B
+12.3%
EPS
$5.34
Previous year: $4.48
+19.2%
Gross Profit
$20.9B
Previous year: $17.6B
+18.8%
Cash and Equivalents
$23.4B
Previous year: $21.4B
+9.3%
Free Cash Flow
-$5.4B
Previous year: $2.52B
-314.0%
Total Assets
$246B
Previous year: $212B
+15.8%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

UnitedHealth Group affirmed the 2023 growth and performance objectives established at its November 29th Investor Conference, including revenues of $357 billion to $360 billion, net earnings of $23.15 to $23.65 per share, adjusted net earnings of $24.40 to $24.90 per share and cash flows from operations of $27 billion to $28 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income