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Companies / Health Care / UnitedHealth Group
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UnitedHealth Group

Health CareInsuranceS&P 500
Ticker UNHEDEN PRAIRIE, MNFiscal year ends DecemberBook value per share $108.42Diluted shares 908.0M

UnitedHealth Group Incorporated operates as a diversified health care and well-being company with a mission to help people live healthier lives and improve the health system for everyone. The company maintains its corporate presence at www.unitedhealthgroup.com and operates two distinct yet complementary business… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$447.57BFY2025
+11.8% year over year
Last 12 mo $450.13B
4.24%FY2025
−3.8 percentage points
Last 12 mo 4.82%
$12.81BFY2025
−16.0% year over year
Last 12 mo $14.91B
12.81%FY2025
−2.7 percentage points
Last 12 mo 14.34%
Cash & financing
$19.70BFY2025
−18.6% year over year
Last 12 mo $27.02B
$16.07BFY2025
−22.4% year over year
Last 12 mo $23.62B
0.83FY2025
Was 0.83× a year earlier
Last 12 mo 0.74
911.0MFY2025
−1.9% year over year
Last 12 mo 908.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What UnitedHealth Group does

In the company’s own words

UnitedHealth Group Incorporated operates as a diversified health care and well-being company with a mission to help people live healthier lives and improve the health system for everyone. The company maintains its corporate presence at www.unitedhealthgroup.com and operates two distinct yet complementary business divisions: Optum and UnitedHealthcare.

Optum functions as an information and technology-enabled health services business serving the broad health care marketplace. The division comprises three reportable segments: Optum Health, which delivers patient-centered care and health financial services to 95 million consumers; Optum Insight, which provides data analytics, research, consulting and technology solutions with a backlog of approximately $31.1 billion; and Optum Rx, which manages $188 billion in pharmaceutical spending through a network of approximately 64,000 retail pharmacies and specialty services. Optum Financial, including Optum Bank, manages nearly 26 million consumer accounts with over $27 billion in assets under management.

UnitedHealthcare offers comprehensive health benefits across three segments: Employer & Individual, serving 29.7 million people through employer-sponsored and individual plans; Medicare & Retirement, serving 8.4 million Medicare Advantage members and 10.4 million Medicare Part D enrollees; and Community & State, serving nearly 7.4 million people across Medicaid and state programs in 32 states and the District of Columbia.

Premium revenues from the Centers for Medicare and Medicaid Services represent 44 percent of consolidated revenues, primarily generated by UnitedHealthcare Medicare & Retirement. Risk-based products constitute nearly 80 percent of total consolidated revenues. The company employs more than 390,000 people, including nearly 165,000 clinical professionals.

UnitedHealth Group competes on quality, value, product innovation, technology deployment, consumer and provider engagement, and pricing across highly competitive health care markets. The company holds trademark registrations for UnitedHealth Group, Optum, and UnitedHealthcare names and logos, along with a portfolio of patents. The business model leverages distinctive capabilities in value-based care, population health, data analytics, pharmacy services and health care operations to serve patients, employers, providers, payers and government entities.

Company details
Sector
Health Care
Industry (SIC)
Insurance
Headquarters
EDEN PRAIRIE, MN
Fiscal year end
December
CIK
731766
SIC
6324

Financial performance, year by year

Fiscal 2013–2025 · USD
$-45.01B$90.03B$225.06B$360.10B$495.14B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns UnitedHealth Group — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.5K
funds hold it
6 of 35
superinvestors hold it
$133.73B
held by funds, at market
37.5%
of shares held by funds
66
bond issues held by funds

Superinvestors in UnitedHealth Group · what they did last quarter

Ruane CunniffDECREASED -3.1%
Ruane, Cunniff & Goldfarb (Sequoia)
4.6%of 13F portfolio
Bill SmeadDECREASED -5.4%
Smead Capital Management
2.9%of 13F portfolio
Chase ColemanDECREASED -15.1%
Tiger Global Management
0.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · UnitedHealth Group’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.52%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.59%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.58%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
5.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

UnitedHealth Group’s bonds, as funds hold them

Funds report holding 66 issues of UnitedHealth Group’s debt, $10.47B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.68%, maturing 2026 to 2064.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do UnitedHealth Group and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of UnitedHealth Group's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in UnitedHealth Group's last four quarterly filings that the numbers alone won't show?”
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