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Dec 31, 2023

UnitedHealth Q4 2023 Earnings Report

UnitedHealth Group reported Q4 2023 results, demonstrating growth at Optum and UnitedHealthcare.

Key Takeaways

UnitedHealth Group's Q4 2023 revenues reached $94.4 billion, up from $82.8 billion year-over-year. The company reported net earnings of $5.83 per share and adjusted net earnings of $6.16 per share.

Revenues grew to $94.4 billion, a 15% increase year-over-year.

Earnings from operations increased to $7.7 billion.

Full year net earnings were reported at $23.86 per share, and adjusted net earnings were $25.12 per share.

Optum and UnitedHealthcare both experienced double-digit growth.

Total Revenue
$94.4B
Previous year: $82.8B
+14.1%
EPS
$6.16
Previous year: $5.34
+15.4%
Optum Health Consumers
103M
Gross Profit
$20.8B
Previous year: $20.9B
-0.3%
Cash and Equivalents
$25.4B
Previous year: $23.4B
+8.8%
Free Cash Flow
-$6.15B
Previous year: -$5.4B
+13.9%
Total Assets
$274B
Previous year: $246B
+11.4%

UnitedHealth

UnitedHealth

UnitedHealth Revenue by Segment

Forward Guidance

UnitedHealth Group affirmed the 2024 performance objectives established at its November 29th Investor Conference, excluding the potential impacts from the pending sale of its Brazil operations, which is expected to close in the first half of 2024. Upon closing, the Company’s net earnings outlook will be impacted by the previously announced expected charge and the Company confirmed the adjusted earnings outlook presented at its Investor Conference.

Revenue & Expenses

Visualization of income flow from segment revenue to net income