UNH on NYSE

UnitedHealth Group

Logo: UnitedHealth Group, Public domain, via Wikimedia Commons6

American health care company

UnitedHealth Group Incorporated is an American multinational company based in Eden Prairie, Minnesota, specializing in health insurance and health care services. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked fourth on the 2026 Fortune Global 500.3 It was founded by Richard T. Burke.1 Its chief executive is Stephen J. Hemsley (since 2025).1 It employed about 58,000 people.1 Its shares trade on NYSE under the symbol UNH.1 Wikipedia text CC BY-SA 4.0

$401.65 down 5.01 (1.23%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1977Founded1

Compare with The Cigna Group, Elevance Health, Inc. or Centene Corporation, or pick any stock.

  • TickerUNH on NYSE1
  • Industryhealth insurance1
  • HeadquartersMinnetonka1
  • Websitewww.uhc.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address1 Health Drive, Eden Prairie, Mn 553447
  • Filer categoryLarge accelerated filer7
  • LEI549300GHBMY8T5GXDE414
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O UNITED AGENT GROUP INC., 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 57773554

UnitedHealth Group Incorporated is an American multinational company based in Eden Prairie, Minnesota, specializing in health insurance and health care services. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked fourth on the 2026 Fortune Global 500.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.2%Operating margin10
2.7%Net margin10
11.8%Revenue growth, 202510
12.0%Return on equity10
0.72×Debt to equity10
$16.1BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 58% of the revenue UnitedHealth Group broke down this way in fiscal 2025.

  1. Product$53.4B1058%up 6% from 2024
  2. Service$38.0B1042%up 6% from 2024
Products and services by year
Products and services202320242025
Product$42.6B$50.2B$53.4B
Service$34.1B$36.0B$38.0B

Business segments

Unitedhealthcare brought in 39% of the revenue UnitedHealth Group broke down this way in fiscal 2025.

  1. Unitedhealthcare$344.9B1039%up 16% from 2024
  2. Total Optum$270.6B1030%up 7% from 2024
  3. Optumrx$154.7B1017%up 16% from 2024
  4. Optumhealth$102.0B1011%down 3% from 2024
  5. Optuminsight$19.4B102%up 4% from 2024
Business segments by year
Business segments202320242025
Unitedhealthcare$281.4B$298.2B$344.9B
Total Optum$226.6B$253.0B$270.6B
Optumrx$116.1B$133.2B$154.7B
Optumhealth$95.3B$105.4B$102.0B
Optuminsight$18.9B$18.8B$19.4B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue11¢$50.7B
  • Selling, general and admin13¢$59.6B
  • Other costs71¢$319.4B
  • Interest1¢$4.0B
  • Income tax0¢$1.9B
  • Profit3¢$12.1B

Out of $447.6B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending18¢$3.6B
  • Dividends paid40¢$7.9B
  • Share buybacks28¢$5.5B
  • Kept or used elsewhere13¢$2.6B

Out of $19.7B of cash from operations.10

Financial statements

Revenue1112131410$447.6B in 2025+85% since 2019
0$200.0B$400.0B$600.0B2019: $242.2B$242.2B20192020: $257.1B$257.1B2020+6%2021: $287.6B$287.6B2021+12%2022: $324.2B$324.2B2022+13%2023: $371.6B$371.6B2023+15%2024: $400.3B$400.3B2024+8%2025: $447.6B$447.6B2025+12%
Operating income1112131410$19.0B in 2025−4% since 2019
0$10.0B$20.0B$30.0B$40.0B2019: $19.7B$19.7B20192020: $22.4B$22.4B2020+14%2021: $24.0B$24.0B2021+7%2022: $28.4B$28.4B2022+19%2023: $32.4B$32.4B2023+14%2024: $32.3B$32.3B2024−0%2025: $19.0B$19.0B2025−41%
Net income1112131410$12.1B in 2025−13% since 2019
0$10.0B$20.0B$30.0B2019: $13.8B$13.8B20192020: $15.4B$15.4B2020+11%2021: $17.3B$17.3B2021+12%2022: $20.1B$20.1B2022+16%2023: $22.4B$22.4B2023+11%2024: $14.4B$14.4B2024−36%2025: $12.1B$12.1B2025−16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Premiums$352.2B$308.8B$290.8B
Investment and other income$3.9B$5.2B$4.1B
Total revenues$447.6B$400.3B$371.6B
Medical costs$314.0B$264.2B$241.9B
Operating costs$59.6B$53.0B$54.6B
Cost of products sold$50.7B$46.7B$38.8B
Depreciation and amortization$4.4B$4.1B$4.0B
Total operating costs$428.6B$368.0B$339.3B
Earnings from operations$19.0B$32.3B$32.4B
Interest expense-$4.0B-$3.9B-$3.2B
Loss on sale of subsidiary and subsidiaries held for sale-$265.0M-$8.3B$0
Total income before income taxes$14.7B$20.1B$29.1B
Provision for income taxes-$1.9B-$4.8B-$6.0B
Net earnings$12.8B$15.2B$23.1B
Earnings attributable to noncontrolling interests-$751.0M-$837.0M-$763.0M
Net earnings attributable to UnitedHealth Group common shareholders$12.1B$14.4B$22.4B
Basic$13.28$15.64$24.12
Diluted$13.23$15.51$23.86
Basic weighted-average number of common shares outstanding908.0M shares921.0M shares928.0M shares
Dilutive effect of common share equivalents3.0M shares8.0M shares10.0M shares
Diluted weighted-average number of common shares outstanding911.0M shares929.0M shares938.0M shares
Anti-dilutive shares excluded from the calculation of dilutive effect of common share equivalents12,000,000.00 shares6,000,000.00 shares6,000,000.00 shares

Compare UnitedHealth Group with another company

Corporate structure

UnitedHealth Group sits at the top of its group. 27 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UnitedHealth Group

  • State Street Corporation Filed SCHEDULE 13G on UnitedHealth Group, latest Aug 7, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on UnitedHealth Group, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on UnitedHealth Group, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • FMR LLC Filed SC 13G/A on UnitedHealth Group, latest Feb 9, 2024 (3 filings since Feb 9, 2022)
  • BlackRock Filed SC 13G/A on UnitedHealth Group, latest Feb 6, 2024 (3 filings since Feb 1, 2022)
  • UnitedHealth Group Minnetonka, Minnesota, United States
    • Golden Rule Insurance Company Subsidiary · Indianapolis
    • Quality Software Services Subsidiary · Columbia, Maryland, United States
    • ARIZONA PHYSICIANS IPA, INC. Subsidiary · Phoenix, Arizona, United States
    • Collaborative Care Holdings, LLC Subsidiary · Delaware, United States
    • OPTUM BANK, INC. Subsidiary · Draper, Utah, United States
    • Optum Technology, LLC Subsidiary · Eden Prairie, Minnesota, United States
    • Optum, Inc. Subsidiary · Delaware, United States
    • OptumHealth Holdings, LLC Subsidiary · Delaware, United States
    • OptumRx Administrative Services, LLC Subsidiary · Texas, United States
    • OptumRx Group Holdings, Inc. Subsidiary · Delaware, United States
    • OptumRx Holdings I, LLC Subsidiary · Delaware, United States
    • Oxford Health Insurance, Incorporated Subsidiary · Minnetonka, Minnesota, United States
    • OXFORD HEALTH PLANS (NY), INC. Subsidiary · Shelton, Connecticut, United States
    • Sierra Health and Life Insurance Company, Inc. Subsidiary · Las Vegas, Nevada, United States
    • UHC of California Subsidiary · Minnetonka, Minnesota, United States
    • UHIC Holdings, Inc. Subsidiary · Delaware, United States
    • Unimerica Life Insurance Company of New York Subsidiary · New York, New York, United States
    • United Behavioral Health Subsidiary · San Francisco, California, United States
    • United HealthCare Services, Inc. Subsidiary · Eden Prairie, Minnesota, United States
    • UNITEDHEALTHCARE COMMUNITY PLAN, INC. Subsidiary · Southfield, Michigan, United States
    • UNITEDHEALTHCARE INSURANCE COMPANY Subsidiary · Hartford, Connecticut, United States
      • UnitedHealthcare Insurance Company - AARP CT Subsidiary · Hartford, Connecticut, United States
    • UnitedHealthcare Insurance Company of New York Subsidiary · Hartford, Connecticut, United States
    • UnitedHealthCare of Alabama, Inc. Subsidiary · Birmingham, Alabama, United States
    • UNITEDHEALTHCARE OF NEW YORK, INC. Subsidiary · New York, New York, United States
    • UnitedHealthcare, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UnitedHealth Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$387.0M10 Dec 31, 2025$364.0M10 Dec 31, 2024+6.3%
Buildings and improvements$4.1B10 Dec 31, 2025$4.2B10 Dec 31, 2024−3.0%
Machinery and equipment$2.3B10 Dec 31, 2025$2.3B10 Dec 31, 2024+0.5%
Furniture and fixtures$1.7B10 Dec 31, 2025$1.7B10 Dec 31, 2024+0.8%
Computer equipment and software$9.8B10 Dec 31, 2025$9.0B10 Dec 31, 2024+9.6%
Accumulated depreciation$7.5B10 Dec 31, 2025$7.0B10 Dec 31, 2024+8.2%
Property and equipment, net$10.8B10 Dec 31, 2025$10.6B10 Dec 31, 2024+2.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.4B10 Dec 31, 2025$25.3B10 Dec 31, 2024−3.7%
Marketable securities, current$3.8B10 Dec 31, 2025$3.8B10 Dec 31, 2024−1.2%
Debt securities available for sale$48.2B10 Dec 31, 2025$46.9B10 Dec 31, 2024+2.7%
Debt securities held to maturity$490.0M10 Dec 31, 2025$512.0M10 Dec 31, 2024−4.3%
Equity securities at fair value$2.2B10 Dec 31, 2025$1.9B10 Dec 31, 2024+11.4%
Stakes in other companies (equity method)$3.8B10 Dec 31, 2025$3.8B10 Dec 31, 20240%
Long-term investments$54.3B10 Dec 31, 2025$52.4B10 Dec 31, 2024+3.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$110.5B10 Dec 31, 2025$106.7B10 Dec 31, 2024+3.5%
Intangible assets, net (excluding goodwill)$20.5B10 Dec 31, 2025$23.3B10 Dec 31, 2024−12.0%
Accumulated amortization$7.5B10 Dec 31, 2025$8.3B10 Dec 31, 2024−10.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.3B10 Dec 31, 2025$3.8B10 Dec 31, 2024−13.2%

Properties, in its own words

We own and lease real properties to support our business operations in the United States and other countries. Our reportable segments use these facilities for their respective business purposes, and we believe the current facilities are suitable for their respective uses and are adequate for our anticipated future needs.

Item 2 of the 10-K filed Mar 2, 2026.18

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Richard T. Burke in 1977.1

History

1970s–1990s

UnitedHealth Group originated in late 1974, when Minnesota-based Charter Med Incorporated was founded by Richard Taylor Burke. It originally processed claims for doctors at the Hennepin County Medical Society. UnitedHealthcare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for seniors. It became a publicly traded company in 1984 and changed its name to UnitedHealth Group in 1998.

In 1988, UnitedHealthcare started its first pharmacy benefit management, through its Diversified Pharmaceutical Services subsidiary. It managed pharmacy benefits delivered both through retail pharmacies and mail. The subsidiary was sold to SmithKline Beecham in 1994 for $2.3 billion.

In 1994, UnitedHealthcare acquired Ramsey-HMO, a Florida insurer. In 1995, the company acquired The MetraHealth Companies Inc. for $1.65 billion. MetraHealth was a privately held company formed by combining the group healthcare operations of The Travelers Companies and MetLife. In 1996, UnitedHealthcare acquired HealthWise of America, which operated HMOs in Arkansas, Maryland, Kentucky and Tennessee.

In 1998, the company was reorganized as the holding company for hitherto independent companies UnitedHealthcare, Ovations, Uniprise, Specialized Care Services, and Ingenix and rebranded as "UnitedHealth Group". Also in 1998, UnitedHealth Group acquired HealthPartners of Arizona, operator of Arizona's largest AHCCCS provider.

2000s

In 2001, EverCare, a UnitedHealth Group subsidiary, merged with LifeMark Health Plans In 2002, UnitedHealth Group acquired GeoAccess and Medicaid insurance company AmeriChoice. In 2003, UnitedHealth Group acquired Mid Atlantic Medical Services, an insurer serving Maryland, Washington D.C., Virginia, Delaware and West Virginia. Also in 2003, UnitedHealth Group acquired Golden Rule Financial, a provider of health savings accounts. On July 21, 2003, Exante Bank started operating in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. It changed its name to OptumHealth Bank in 2008 and to Optum Bank in 2012.

In April 2004, UnitedHealth Group acquired Touchpoint Health Plan, a Wisconsin health plan. In July 2004, the company acquired Oxford Health Plans.

In December 2005, the company acquired PacifiCare Health Systems. It agreed to divest parts of PacifiCare's commercial health insurance business in Tucson, Arizona and Boulder, Colorado to satisfy antitrust regulator concerns, and also agreed to end its network access agreement with Blue Shield of California. The Tucson business was sold to Cigna. The company acquired Prescription Solutions, another pharmacy benefits manager, as part of its acquisition of PacifiCare Health Systems. This business was later rebranded OptumRx.

In February 2006, the company acquired John Deere Health Care. The same year, William W. McGuire stepped down as chairman and director due to his involvement in the employee stock options scandal. He was replaced by CEO Stephen Hemsley who had served as president and COO and a member of the board of directors. McGuire's exit compensation from UnitedHealth was anticipated to be $1.1 billion, but he only received $618 million after returning $420 million in stock options.

Read the full text

In February 2008, the company acquired Sierra Health Services for $2.6 billion. As part of the transaction, to obtain regulatory approval, 25,000 customers were sold to Humana. In July 2009, UnitedHealth Group agreed to acquire Health Net's Northeast licensed subsidiaries for up to $570 million in payments spread out over two years.

2010s

Through 2010 and into 2011, senior executives of the company met monthly with executives of other health insurers to limit the effect of the health care reform law. In July 2010, Ingenix acquired Picis Clinical Solutions, Inc., a health information provider for the high-acuity areas of hospitals. In 2011, Logistics Health, Inc. of La Crosse, Wisconsin, was acquired by OptumHealth. In September 2014, the office buildings where LHI is based were sold to UnitedHealth Group for $45 million. In February 2012, the company acquired XLHealth, a sponsor of Medicare Advantage health plans with a primary focus on medicare recipients with special needs such as those with chronic illness and those eligible for Medicaid ("dual eligibles"). In October 2012, UnitedHealth Group and Amil Participações, one of the biggest Brazilian health insurance companies, completed the first phase of their merger.

In February 2014, Optum secured a majority stake in the Washington, D.C.–based startup Audax Health. Audax's CEO, Grant Verstandig, continued running the firm alongside COO David Ko. In October 2014, Optum Health acquired the health services unit of Alere for $600 million cash.

In March 2015, it was announced that CatamaranRx would be acquired by OptumRx. In April 2016, the company announced it was pulling out of all but a "handful" of state healthcare exchanges provided under Affordable Care Act and will continue to sell only in three states in 2017.

In 2017, UnitedHealth's Optum unit acquired Rally Health, a company started by Audax Health's executives. Prior to acquisition, in 2015, UnitedHealth supported Rally Health as a majority investor, and through enrolling more than 5 million UnitedHealth policy holders in Rally Health's flagship product, Rally. The close relations between UnitedHealth, Audax Health and Rally Health follows a close personal relationship between Grant Verstandig (Audax and Rally) and UnitedHealth's President and CFO at the time, David Wichmann.

In June 2019, UnitedHealth's Optum division acquired DaVita Medical Group from DaVita, Inc. for $4.3 billion. That year, the company also agreed to acquire Equian for $3.2 billion. On June 19, 2019, UnitedHealth acquired the online patient community platform PatientsLikeMe for an undisclosed amount and it will be incorporated into UnitedHealth Group's research division.

In November 2019, Andrew Witty was named president of UnitedHealth Group, in addition to his role as chief executive of the company's Optum division.

2020s–present

UnitedHealth announced in March 2022 that it would acquire LHC Group for $5.4 billion. The deal will expand its home health capabilities by combining LHC's services with UnitedHealth's Optum unit.

In 2022, UnitedHealth Group said there would be no out-of-pocket costs for albuterol, epinephrine, glucagon, insulin, and naloxone for fully insured members starting in 2023. The discounts were guaranteed for less than a quarter of UnitedHealthcare's membership and did not extend to those enrolled in UHC's Medicare Advantage and Medicaid plans.

In 2023, UnitedHealthGroup announced it would move its headquarters from Minnetonka to Eden Prairie, Minnesota.

In February 2024, UnitedHealth Group completed the sale of its operations in Brazil.

In January 2021, UnitedHealth announced the acquisition of Change Healthcare, the largest health payments platform in the US, which the US Justice Department tried to block on antitrust grounds in February 2022; the sale went through by September. 18 months later, in February 2024, the subsidiary was brought completely down by the 2024 Change Healthcare ransomware attack, and the Justice Department announced that it was opening a new antitrust and Medicare overcharging probe. Despite making a ransomware payment, services remained down or incomplete for months. The CEO, Andrew Witty, was called before the US House and US Senate to testify about the cyberattack and DoJ concerns. In late April 2024, the Senate held a hearing concerning the cyberattack and UnitedHealth's response. Andrew Witty went before the Senate stating that there needed to be a strong digital security system in place along with an adequate backup plan. UnitedHealth revealed the hackers did gain access to patient information, but the Senate was informed the company is not yet aware of the extent of the data breach.

Killing of Brian Thompson

On December 4, 2024, Brian Thompson, the CEO of UnitedHealth Group's insurance subsidiary UnitedHealthcare, was killed in a shooting in New York City. The shooting occurred outside the New York Hilton Midtown, where UnitedHealth Group was hosting an investor event. Reactions to the shooting on social media were defined by resentment and criticism of UnitedHealthcare, the American health insurance system, and widespread disdain towards Thompson. Police later arrested a suspect, Luigi Mangione, and charged him with murder. Tim Noel joined UnitedHealthcare in 2007 and succeeded Brian Thompson as the CEO. Prior to becoming CEO, Noel was in charge of UnitedHealthcare's Medicare Advantage plans.

Further events

In November 2025, Scott Gottlieb, the former commissioner of the Food and Drug Administration, joined UnitedHealth Group's board of directors.

In June 2026, UnitedHealth Group announced plans to invest $3 billion in artificial intelligence in 2026 and 2027.

In October 2026, UnitedHealth Group reported third-quarter revenue of about $112.7 billion and adjusted earning of $4.69 per share. Following these results, the company raised its full-year adjusted earnings forecast to at least $20.50 per share.

Foundations

Foundations affiliated with UnitedHealth Group include the UnitedHealth Foundation (UHF) and the UnitedHealthcare Children's Foundation (UHCCF), both of which were established in 1999.

UHF pledged $100 million over ten years to fund scholarships and workforce development programs focused on increasing ethnic and racial diversity within the health care industry. UHF's investment will support 10,000 physicians from underrepresented communities: 5,000 students with a primary care focus and 5,000 physicians who want to advance careers in mental health, nursing, midwifery and medicine. The work of this fund is part of a broader initiative in which UnitedHealth Group has teamed up with nine organizations to provide scholarships to more than 3,000 students through the Diverse Scholars Initiative.

UHCCF administers grants to help pay for medical costs for families with coverage gaps. According to UHCCF, the foundation raises money for medical grants by selling gift items such as backpacks, books, cards, and games, some of which are created by children.

From Wikipedia’s article on UnitedHealth Group, shared under CC BY-SA 4.0.8

Leadership

Who has led UnitedHealth Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (57)

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • Collaborative Care Holdings, LLC Delaware9
  • Optum, Inc. Delaware9
  • OptumHealth Holdings, LLC Delaware9
  • OptumRx Administrative Services, LLC Texas9
  • OptumRx Group Holdings, Inc. Delaware9
  • OptumRx Holdings I, LLC Delaware9
  • UHIC Holdings, Inc. Delaware9
  • United HealthCare Services, Inc. Minnesota9
  • UnitedHealthcare Insurance Company Connecticut9
  • UnitedHealthcare, Inc. Delaware9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 2012Acquired Quality Software Services1
  2. 2003Acquired Golden Rule Insurance Company1

Former names

  • UNITED HEALTHCARE CORPApr 4, 1995 to Feb 14, 20007

Timeline

  1. Oct 13, 20268-K Results of operations101
  2. Sep 8, 20268-K Regulation FD disclosure102
  3. Jul 16, 20268-K Results of operations103
  4. Jun 5, 20268-K Shareholder vote104
  5. May 11, 20268-K Regulation FD disclosure105
  6. Apr 21, 20268-K Results of operations106
  7. Mar 9, 20268-K Regulation FD disclosure107
  8. Mar 2, 20268-K Executive or director change108
  9. Feb 25, 20268-K Executive or director change109
  10. Jan 27, 20268-K Results of operations110
  11. Jan 12, 20268-K Regulation FD disclosure111
  12. Nov 21, 20258-K Executive or director change112
  13. May 15, 2025New chief executive Patrick Hugh Conway becomes CEO21
  14. May 2025New chief executive Stephen J. Hemsley becomes CEO1
  15. Jan 31, 2025New chief executive Timothy John Noel becomes CEO19
  16. Apr 3, 2024New chief executive Heather Cianfrocco becomes CEO22
  17. Feb 4, 2021New chief executive Andrew Witty becomes CEO1
  18. Jul 8, 2019New chief executive Dirk C. McMahon becomes CEO24
  19. Sep 20, 2017New chief executive David S. Wichmann becomes CEO26
  20. Aug 25, 2017New chief executive Steven H. Nelson becomes CEO25
  21. Feb 11, 2011New chief executive George Lawrence Mikan Iii. becomes CEO28
  22. Feb 11, 2011New chief executive Gail Boudreaux becomes CEO27
  23. Feb 4, 2009New chief executive Larry C. Renfro becomes CEO29
  24. Nov 9, 2006New chief executive Robert J. Sheehy becomes CEO35
  25. May 4, 2006New chief executive William A. Munsell becomes CEO34
  26. May 4, 2006New chief executive Richard H. Anderson becomes CEO33
  27. May 4, 2006New chief executive Lois E. Quam becomes CEO32
  28. Feb 2, 2006New chief executive William W. McGuire becomes CEO31
  29. Feb 2, 2006New chief executive Tracy L. Bahl becomes CEO30
  30. Apr 2004New chief executive Brian Thompson becomes CEO1
  31. 1977Founded Founded1

Calendar

Coming up

  1. Around Jan 10, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 13, 2026Reported quarterly or annual results101
  2. Jul 16, 2026Reported quarterly or annual results103
  3. Apr 21, 2026Reported quarterly or annual results106
  4. Jan 27, 2026Reported quarterly or annual results110
  5. Oct 28, 2025Reported quarterly or annual results113
  6. Jul 29, 2025Reported quarterly or annual results114
  7. Apr 17, 2025Reported quarterly or annual results115
  8. Jan 16, 2025Reported quarterly or annual results116

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

869 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 84 major events, 675 insider forms, 13 large holders, 77 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Oct 5, 20264 EDGAR
  9. Oct 5, 20264 EDGAR
  10. Sep 24, 20264 EDGAR
  11. Sep 24, 20264 EDGAR
  12. Sep 24, 20264 EDGAR
  13. Sep 24, 20264 EDGAR
  14. Sep 24, 20264 EDGAR
  15. Sep 24, 20264 EDGAR
  16. Sep 24, 20264 EDGAR
  17. Sep 24, 20264 EDGAR
  18. Sep 24, 20264 EDGAR
  19. Sep 24, 20264 EDGAR
  20. Sep 24, 20264 EDGAR

The 869 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

51 open-market trades by officers, directors and large owners since October 2021: 8 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 21, 2026Conway Patrick HughChief Executive Officer, OptumSale1,169$390.00$455.9KForm 4
Aug 5, 2026Conway Patrick HughChief Executive Officer, OptumSale500$410.00$205.0KForm 4
Apr 23, 2026Conway Patrick HughChief Executive Officer, OptumSale800$355.00$284.0KForm 4
Sep 11, 2025Baker Charles D.DirectorSale27$356.05$9.6KForm 4
Jun 10, 2025Conway Patrick HughChief Executive Officer, OptumSale589$305.00$179.6KForm 4
May 16, 2025REX JOHN FPresident & CFOBuy17,175$291.12$5.0MForm 4
May 16, 2025HEMSLEY STEPHEN JCEO, UHGBuy86,700$288.57$25.0MForm 4
May 15, 2025Gil KristenDirectorBuy3,700$271.17$1.0MForm 4
May 14, 2025FLYNN TIMOTHY PATRICKDirectorBuy1,533$320.80$491.8KForm 4
May 14, 2025Noseworthy John HDirectorBuy300$312.16$93.6KForm 4
Jan 17, 2025FLYNN TIMOTHY PATRICKDirectorBuy1,000$511.58$511.6KForm 4
Nov 11, 2024McSweeney ErinEVP & Chief People OfficerSale701$626.23$439.0KForm 4
Jul 18, 2024McSweeney ErinEVP & Chief People OfficerSale1,500$579.03$868.5KForm 4
Jul 17, 2024ROOS THOMAS EChief Accounting OfficerSale2,851$569.88$1.6MForm 4
Mar 8, 2024McSweeney ErinEVP & Chief People OfficerSale1,236$483.48$597.6KForm 4
Feb 23, 2024ROOS THOMAS EChief Accounting OfficerSale858$525.79$451.1KForm 4
Feb 16, 2024THOMPSON BRIAN RCEO, UnitedHealthcareSale28,943$521.00$15.1MForm 4
Dec 5, 2023HEMSLEY STEPHEN JCEO, UHGSale66,081$550.39$36.4MForm 4
Oct 17, 2023HEMSLEY STEPHEN JCEO, UHGSale121,515$540.58$65.7MForm 4
Oct 16, 2023McSweeney ErinEVP & Chief People OfficerSale4,498$544.28$2.4MForm 4

All 51 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Stephen HemsleyChief Executive Officer$596.2K$60.9M122
2025Andrew WittyFormer Chief Executive Officer$903.8K$24.6M122
2025John RexFormer President and Chief Financial Officer$1.4M$24.5M122
2025Timothy NoelChief Executive Officer, UnitedHealthcare$981.8K$20.2M122
2025Patrick Conway, M.D.Chief Executive Officer, Optum$980.6K$19.9M122
2025Christopher ZaettaExecutive Vice President Chief Legal Officer and Corporate Secretary$845.2K$15.8M122
2025Wayne DeVeydtChief Financial Officer$284.6K$14.6M122
2024Andrew WittyFormer Chief Executive Officer$1.5M$26.3M122
2024John RexFormer President and Chief Financial Officer$1.3M$18.7M122
2024Christopher ZaettaExecutive Vice President Chief Legal Officer and Corporate Secretary$748.1K$6.9M122
2023Andrew WittyFormer Chief Executive Officer$1.5M$23.5M122
2023John RexFormer President and Chief Financial Officer$1.2M$16.1M122

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.76,863,061$31.9B0.5%+3,395,530
Vanguard Capital Management LLC59,311,525$24.7B0.5%+440,748
State Street Corp45,633,267$19.0B0.6%+301,081
Capital World Investors29,887,932$12.4B1.5%+2,104,517
Fmr LLC27,992,995$11.6B0.5%+15,973,949
Vanguard Portfolio Management LLC24,483,234$10.2B0.5%+446,730
Geode Capital Management, LLC21,751,937$9.0B0.5%−1,016,758
Jpmorgan Chase & Co20,246,047$8.5B0.5%+1,143,506
Charles Schwab Investment Management Inc19,830,588$8.2B1.1%−987,167
Morgan Stanley14,795,456$6.1B0.3%−168,113
Norges Bank12,736,973$5.3B0.5%New
Bank of New York Mellon Corp10,704,994$4.4B0.7%+616,723
Wellington Management Group Llp10,675,175$4.4B0.8%+583,536
Capital Research Global Investors10,534,177$4.4B0.6%−6,578,041
Bank Of America Corp /de/9,735,874$4.0B0.3%−1,977,810
Fisher Asset Management, LLC9,082,269$3.8B1.1%+3,844,568
Dodge & Cox9,072,258$3.8B2.0%−394,498
Northern Trust Corp8,761,055$3.6B0.4%−18,852
Franklin Resources Inc8,643,789$3.6B0.8%+2,969,666
Capital International Investors7,789,028$3.2B0.7%−1,212,284
Goldman Sachs Group Inc6,974,132$2.9B0.3%−863,050
Invesco Ltd.6,858,984$2.9B0.2%+542,522
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC6,535,066$2.7B0.5%−907,824
Sanders Capital, LLC5,898,634$2.5B2.5%−66,051
Legal & General Group Plc5,882,462$2.4B0.5%−236,582

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

163 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 24, 2026Maria Elvira SalazarRepublican, HousePartial sale$1,001 - $15,000−7.8%Report
Sep 23, 2026Kevin HernRepublican, HouseSale$15,001 - $50,000−9.0%Report
Sep 10, 2026Kevin HernRepublican, HouseSale$15,001 - $50,000−2.9%Report
Jul 30, 2026Richard McCormickRepublican, HouseSale$1,001 - $15,000+7.6%Report
Jul 10, 2026Dan NewhouseRepublican, HouseSale$1,001 - $15,000+6.5%Report
Jun 12, 2026Richard McCormickRepublican, HousePartial sale$1,001 - $15,000+4.5%Report
Jun 12, 2026Richard McCormickRepublican, HousePartial sale$1,001 - $15,000+4.5%Report
Jun 4, 2026John BoozmanRepublican, SenateBuy$1,001 - $15,000+0.6%Report
Jun 4, 2026Maria Elvira SalazarRepublican, HouseSale$1,001 - $15,000−0.6%Report
Apr 22, 2026Maria Elvira SalazarRepublican, HouseBuy$1,001 - $15,000+6.5%Report
Apr 22, 2026Maria Elvira SalazarRepublican, HouseBuy$1,001 - $15,000+6.5%Report
Apr 14, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+18.3%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$15,001 - $50,000+35.3%Report
Mar 19, 2026Richard McCormickRepublican, HouseBuy$1,001 - $15,000+28.0%Report
Mar 13, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+27.6%Report
Feb 25, 2026Markwayne Mullin, SenateBuy$50,001 - $100,000+31.7%Report
Feb 10, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$15,001 - $50,000−37.3%Report
Feb 5, 2026Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000+37.5%Report
Dec 23, 2025Kevin HernRepublican, HouseSale$250,001 - $500,000−13.0%Report
Dec 19, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$15,001 - $50,000+10.8%Report
Dec 18, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000−9.8%Report
Nov 13, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000−7.5%Report
Nov 12, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−7.0%Report
Nov 5, 2025Richard McCormickRepublican, HouseBuy$1,001 - $15,000+10.2%Report
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−5.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How UnitedHealth Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNITEDHEALTH GROUP INC2
  • CIK0000731766
  • Employer ID (EIN)41-132193918
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)6324 Hospital & Medical Service Plans2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address1 Health Drive, Eden Prairie, MN 553442
  • Phone1-800-328-59792
  • Shares outstanding897,594,847 as of Jul 31, 202616
  • Public float$281.9B as of Jun 30, 202518
  • AuditorDELOITTE & TOUCHE LLP, Minneapolis, Minnesota PCAOB ID 34; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceFeb 2, 19952
  • Filings4,339 in all: 4 (3,096), 8-K (444), 10-Q (95), SC 13G/A (91), 3 (55), S-8 (44), 424B5 (42), DEF 14A (32)2
    All 59 form types

    10-K (29), DEFA14A (28), FWP (28), SC 13G (27), CORRESP (22), UPLOAD (22), 425 (21), 144 (20), 4/A (18), 424B2 (17), 8-K/A (16), S-4 (15), S-4/A (15), 11-K (14), 424B3 (13), NO ACT (13), ARS (12), S-3 (11), SC TO-T/A (8), S-3ASR (7), SC 13D (7), PX14A6G (6), S-8 POS (6), DFAN14A (5), S-3/A (5), 10-K/A (4), 10-Q/A (4), 5 (4), EFFECT (4), PRE 14A (4), SC TO-I/A (4), 10-K405 (3), 3/A (3), CT ORDER (3), NT 10-Q (2), SC TO-C (2), SC TO-I (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 424B1 (1), 5/A (1), 8-A12B/A (1), ARS/A (1), NT 10-K (1), POS AM (1), POS EX (1), POSASR (1), REGDEX (1), S-4 POS (1), SC 13D/A (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 21, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 par valueUNHNew York Stock Exchange

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks UnitedHealth Group names in Item 1A of its 10-K filed Mar 2, 2026: 21 risks under these headings, as written.18

  • Risks Related to Our Business and Our Industry
  • If we fail to estimate, price for and manage our medical costs or design benefits in an effective manner, the profitability of our risk-based products and services could decline and could materially and adversely affect our results of operations, financial position and cash flows.
  • If we fail to maintain properly the integrity or availability of our data or successfully consolidate, integrate, upgrade or expand our existing information systems, or if our technology products do not operate as intended, our business could be materially and adversely affected.
  • If we or third parties we rely on sustain cyberattacks or other privacy or data security incidents resulting in disruption to our operations or the misappropriation or disclosure of protected personal information or proprietary or confidential information, we could suffer a loss of revenue and increased costs, negative operational effects, exposure to significant liability, reputational harm and other serious negative consequences.
  • If we fail to develop and maintain satisfactory relationships with health care payers, physicians, hospitals and other service providers, our business could be materially and adversely affected.
  • If we fail to compete effectively to maintain or increase our market share, including by maintaining or increasing enrollments in businesses providing health benefits, our results of operations, financial position and cash flows could be materially and adversely affected.
  • We are routinely subject to private party and governmental legal actions and investigations, which could damage our reputation and, if resolved unfavorably, could result in substantial penalties or monetary damages and materially and adversely affect our results of operations, financial position and cash flows.
  • Our increasing use of AI presents legal, regulatory and business risks to our operations, reputation and financial results.
  • Our business could suffer, and our results of operations, financial position and cash flows could be materially and adversely affected, if we fail to successfully manage our strategic alliances, or to complete, manage or integrate acquisitions and other significant strategic transactions or relationships.
  • We are subject to risks associated with public health crises arising from large-scale medical emergencies, pandemics, natural disasters and other extreme events, which have had and could have an adverse effect on our business, results of operations, financial condition and financial performance.
  • Our sales performance will suffer if we do not adequately attract, retain and provide support to a network of independent producers and consultants.
  • Our businesses are subject to risks associated with unfavorable economic conditions.
The other 10 risks
  • Our failure to attract, develop, retain, and manage the succession of key employees and executives could adversely affect our business, results of operations and future performance.
  • Our investment and loan portfolio may sustain losses which could adversely affect our profitability.
  • If the value of our intangible assets is materially impaired, our results of operations, equity and credit ratings could be materially and adversely affected.
  • If we are not able to protect our proprietary rights to our databases, software and related products, or other intellectual property, our ability to market our knowledge and information-related businesses could suffer.
  • Any downgrades in our credit ratings could increase our borrowing and operating costs.
  • Risks Related to the Regulation of Our Business
  • Our business activities in the United States and other countries are highly regulated and new laws or regulations or changes in existing laws or regulations or their enforcement or application could materially and adversely affect our business.
  • As a result of our participation in various government health care programs, both as a payer and as a service provider to payers, we are exposed to additional risks associated with program funding, enrollments, payment adjustments, audits and government investigations which could materially and adversely affect our business, results of operations, financial position and cash flows.
  • Our pharmacy care services businesses face regulatory and operational risks and uncertainties which may differ from the risks of our other businesses.
  • If we fail to comply with applicable privacy, security, technology and data laws, regulations and standards, including with respect to third-party service providers utilizing protected personal information on our behalf, our business, reputation, results of operations, financial position and cash flows could be materially and adversely affected.
  • Restrictions on our ability to obtain funds from our regulated subsidiaries could materially and adversely affect our ability to reinvest in our business, service our debt and return capital to our shareholders.

Legal proceedings

The information required by this Item 3 is incorporated herein by reference to the information set forth under the captions “Legal Matters” and “Government Investigations, Audits and Reviews” in Note 12 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data”

The opening of Item 3, Legal Proceedings.18

Sources

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