UNH
UnitedHealth Group Inc
Subsidiaries the movers and shakers of $UNH
Is The Business Growing?There are a lot of subsidiaries of $UNH this is the perfect time for an analysis because their report just came out in January. Unfortunately, being in robotics I know it will always be a money sink. Communication protocols need to be maintained and all machines need to comply with HIPPA. Also they are constant targets to cyber attacks and substantial measures are made to make sure everything on their network is secure. This is reflected in the recent filings shown here:
Impact to 2025 Earnings
($ in millions, except per share data)
Final Cyberattack Costs $(799)
Net Portfolio Divestitures $442
Restructuring and Other $(2,521)
Total Impact to Earnings before Income Taxes $(2,878)
Income Taxes $1,256
Total Impact to Net Earnings $(1,622)
Impact to Diluted Earnings Per Share $1.78
UnitedHealthcare
• UnitedHealthcare full year 2025 revenues of $344.9 billion increased $46.7 billion or 16% year-over-year. UnitedHealthcare
served 49.8 million people in 2025, an increase of 415,000 year-over-year.
• UnitedHealthcare’s full year 2025 earnings from operations were $9.4 billion compared to $15.6 billion in 2024. Operating margin
of 2.7% compared to 5.2% in 2024, primarily due to the effects of the Biden-era Medicare funding reductions and Inflation
Reduction Act impacts combined with elevated medical cost trends.
UnitedHealthcare Employer & Individual
• UnitedHealthcare Employer & Individual full year 2025 revenues were $79.2 billion compared to $78.2 billion in 2024.
• The number of people served decreased by 80,000 year-over-year, with growth in employer self-funded offerings more than
offset by attrition in both group fully-insured and individual products.
UnitedHealthcare Medicare & Retirement
• UnitedHealthcare Medicare & Retirement full year 2025 revenues of $171.3 billion grew $31.8 billion, or 23%, year-over-year due
to growth in the number of people served and the effects of the Inflation Reduction Act Part D impacts.
• Total growth for people served through Medicare Advantage, including programs serving complex populations included in
Medicaid, was 755,000 in 2025.
UnitedHealthcare Community & State
• UnitedHealthcare Community & State full year 2025 revenues of $94.4 billion grew 17% year-over-year, driven by growth in
serving people with complex needs and Medicaid rate increases.
• People served contracted by 55,000 in 2025 largely due to the early impact of state eligibility changes.
Optum Health
• Optum Health’s full year 2025 revenues of $102.0 billion were down 3% year-over-year.
• Full year 2025 earnings from operations were $(278) million compared to $7.8 billion in 2024. Adjusted earnings from operations
were $2.3 billion in 2025 compared to $7.9 billion in 2024. The year-over-year decline was driven by continued reimbursement
pressure due to Medicare funding reductions and elevated medical cost trends.
Optum Insight
• Optum Insight’s full year 2025 revenues of $19.4 billion were up 4%, or $660 million, year-over-year.
• Full year 2025 earnings from operations were $2.6 billion compared to $3.1 billion in 2024. Adjusted earnings from operations in
2025 were $3.7 billion and $4.4 billion a year ago. The 2025 results were impacted by costs related to new product launches and
continued investments to support future growth.
Optum Rx
• Optum Rx’s full year 2025 revenues of $154.7 billion increased 16% year-over-year driven by growth in pharmacy services and
volume growth from new and existing clients. (The robots are finally starting to pay off)
• Earnings from operations for full year 2025 were $7.2 billion compared to $5.8 billion in 2024. Adjusted earnings from operations
in 2025 were $6.1 billion compared to $5.8 billion a year ago. The increase year-over-year was primarily due to growth in both
script volume and pharmacy services, as well as operating efficiencies. Adjusted scripts grew to 1.66 billion, up from 1.62 billion
last year