{"id":37492,"date":"2026-07-16T14:55:00","date_gmt":"2026-07-16T12:55:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=a70be10bb342a1233592bc440d17dca7"},"modified":"2026-07-16T14:55:00","modified_gmt":"2026-07-16T12:55:00","slug":"unitedhealth-group-reports-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=37492","title":{"rendered":"UnitedHealth Group Reports Second Quarter 2026 Results"},"content":{"rendered":"<ul class=\"bwlistdisc\">\n<li>\n<b><i>Second Quarter 2026 Revenues of $112.0 Billion; Earnings from Operations of $8.0 Billion<\/i><\/b><\/li>\n<li>\n<b><i>Earnings of $6.04 Per Share and Adjusted Earnings of $6.38 Per Share<\/i><\/b><\/li>\n<li>\n<b><i>Updated Full Year 2026 Earnings Outlook Range to $18.45 to $18.95 Per Share; Adjusted Earnings Range of $19.50 to $20.00 Per Share<\/i><\/b><\/li>\n<\/ul><p>\nTo view this information in a different format, including graphics, published on our website, click here: <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.unitedhealthgroup.com%2Fcontent%2Fdam%2FUHG%2FPDF%2Finvestors%2F2026%2Funh-reports-second-quarter-2026-results.pdf&amp;esheet=54571810&amp;newsitemid=20260716830877&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.unitedhealthgroup.com%2Fcontent%2Fdam%2FUHG%2FPDF%2Finvestors%2F2026%2Funh-reports-second-quarter-2026-results.pdf&amp;index=1&amp;md5=57bcd6fd3a023ac8f6c89c7e8c14c543\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.unitedhealthgroup.com\/content\/dam\/UHG\/PDF\/investors\/2026\/unh-reports-second-quarter-2026-results.pdf<\/a><\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/2853491\/1\/UHG_Q2_2026_Earnings_Release_7_16_26.pdf\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/2853491\/1\/UHG_Q2_2026_Earnings_Release_7_16_26.pdf\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/2853491\/1\/UHG_Q2_2026_Earnings_Release_7_16_26.pdf\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/2853491\/21\/UHG_Q2_2026_Earnings_Release_7_16_26.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/323479\/5\/UHG_Logo_2.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/323479\/22\/UHG_Logo_2.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/323479\/5\/UHG_Logo_2.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260716830877\/en\/323479\/21\/UHG_Logo_2.jpg\" \/><\/a><p>--(BUSINESS WIRE)--UnitedHealth Group (NYSE: UNH) today reported second quarter 2026 results and raised guidance for full year 2026.<\/p><p>\n\u201cOur results and outlook reflect the continuing progress in our work to simplify how we operate, improve both affordability and the health care experience for patients and care providers and apply modern technology to create real improvement for people,\u201d said Stephen Hemsley, chief executive officer of UnitedHealth Group.<\/p><p>\nThe company now expects full year 2026 adjusted net earnings between $19.50 to $20.00 per share resulting from performance year-to-date and an improved outlook for the remainder of the year. A table outlining the company\u2019s updated outlook is below, with additional detail on page 7 of this release.<\/p><p>\nConsolidated revenues for the second quarter 2026 were $112.0 billion and earnings from operations were $8.0 billion, with a net margin of 4.9%. Cash flows from operations were $11.1 billion, or 1.9x net income, and the debt-to-capital ratio was 41.2% as of June 30, 2026.<\/p><p>\nUnitedHealth Group\u2019s medical cost ratio was 86.7% for the second quarter 2026, reflecting cost and pricing discipline, as well as mix changes across all benefit offerings. The operating cost ratio of 12.7% in the second quarter 2026 compared to 12.3% in the second quarter 2025, reflecting targeted investments in technology, operations and the community.<\/p><p>\nOver the last year, the company has advanced a broad set of reforms and commitments to improve affordability, transparency and simplicity for care providers and consumers. These actions reflect the company\u2019s deep commitment to helping people live healthier lives and helping make the health system work better for everyone. These actions are outlined in more detail on page 3 of this release.<\/p><p>\n<b><span class=\"bwuline\">Second Quarter 2026 Key Performance Metrics<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nSecond quarter 2026 adjusted net earnings were $6.38 per share.<\/li>\n<li>\nThe medical care ratio was 86.7% and reflected product design changes, improved medical management and better aligned pricing. MCR was affected by $860 million of net favorable prior period development, with the majority related to 2026 dates of service.<\/li>\n<li>\nThe operating cost ratio of 12.7% included targeted investments in infrastructure, artificial intelligence, care delivery enhancements, consumer experience and community support.<\/li>\n<li>\nUnitedHealthcare served 48.5 million consumers and reported revenues of $86.0 billion and earnings of $3.9 billion, with operating margins of 4.6%.<\/li>\n<li>\nOptum supported more than 120 million consumers and generated revenues of $65.7 billion and earnings of $4.0 billion, representing 160 basis points of margin expansion year-over-year.<\/li>\n<\/ul><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"8\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>UnitedHealth Group Updated 2026 Full Year Guidance<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>($ in millions, except per share data)<\/i><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Reported Operating\n<br\/>Earnings<\/b><\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Adjusted Operating\n<br\/>Earnings<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth50 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nUnitedHealthcare<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $12,000<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $12,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth50 bwpadl6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Health<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $2,275<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $2,215<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth50 bwpadl6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Insight<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $4,925<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $4,750<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth50 bwpadl6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Rx<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $6,250<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $6,250<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth50 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum (a)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $13,450<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $13,215<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>UnitedHealth Group<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $25,450<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $25,215<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Medical Care Ratio<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n88.1% \u00b1 25 bps<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Tax Rate<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~18.5%<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Cash Flows from Operations<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~$24,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Share Repurchase<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nAt Least<b> <\/b>$5,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Net Earnings to UNH Shareholders<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt;<b> <\/b>$16,750<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Diluted<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Adjusted (b)<\/b><\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwpadl0 bwwidth50\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Net Earnings per Share<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$18.45 - $18.95<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$19.50 - $20.00<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\">(a)<\/td>\n<td colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRefer to page 7 of this release for a bridge of Optum Reported to Adjusted Operating Earnings.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\">(b)<\/td>\n<td colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRefer to page 16 of this release for a reconciliation of the non-GAAP measure.<\/p><\/td><\/tr>\n<\/table><p>\n<b>Addressing America\u2019s Healthcare Challenges with Sustainable Solutions<\/b><\/p><p>\nUnitedHealth Group remains committed to addressing the issues that make health care costly and complicated for the people and providers we serve. Recent actions taken to address these issues include:<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Governance, Oversight and Transparency<\/b><\/p><\/td><td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Making the health system work better for everyone starts with trust, transparency and accountability. The company is strengthening that foundation by deepening oversight and renewing its leadership culture.<\/i><\/p><ul class=\"bwlistdisc\">\n<li>\nRefreshed leadership roles and re-energizing the company\u2019s culture and commitment to mission.<\/li>\n<li>\nCreated a new Public Responsibility Committee for the Board of Directors, named a new Lead Independent Director and committee chairs and added a new independent director.<\/li>\n<li>\nPublished comprehensive reviews of its business practices, which included risk assessment operations, care services management and prescription drug manufacturer discounts, and implemented all recommended improvements from the reviews.<\/li>\n<li>\nReleased an independent review of the HouseCalls program that showed the sampled diagnoses were overwhelmingly supported by medical records, with an error rate nearly three times lower than the rate reported by CMS\u2019s most recent audits.<\/li>\n<\/ul>\n<\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>United Health Foundation<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>The United Health Foundation has been refreshed, expanding its priorities to include rural health, maternal and children's health and behavioral health, among others.<\/i><\/p><ul class=\"bwlistdisc\">\n<li>\nCommitted $1 billion to the United Health Foundation to support key initiatives, including improving rural health care, strengthening maternal and children's health and addressing behavioral health challenges.<\/li>\n<\/ul>\n<\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Affordability, Rural Care and Benefits<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>The company is taking steps to increase support and access and decrease costs for all communities served.<\/i><\/p><ul class=\"bwlistdisc\">\n<li>\nCommitted to voluntarily eliminating and rebating profits from individual Affordable Care Act coverage offerings in 2026, returning this money directly to approximately 1 million ACA members as Congress works toward longer-term solutions to strengthen the stability and affordability of these plans.<\/li>\n<li>\nAnnounced support for 1,500 rural hospitals and their associated providers by accelerating payments, cutting reimbursement timelines in half and exempting these providers from most medical prior approval requirements.<\/li>\n<li>\nAnnounced nationwide coverage expansion for doula care with employer-sponsored plans, with more than 7 million members eligible for coverage by January 2027.<\/li>\n<\/ul>\n<\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Prior Approval Reform<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>The company is removing prior approval requirements, standardizing processes across the industry, cutting back on paperwork and increasing transparency into the prior approval process, making it quicker and simpler for doctors to treat patients.<\/i><\/p><ul class=\"bwlistdisc\">\n<li>\nEliminating 30% of current prior approval volume by the end of 2026.<\/li>\n<li>\nEliminating nearly two-thirds of prior approval requirements for pediatric care, including waivers for certain procedures performed at leading pediatric hospitals by the end of 2026.<\/li>\n<li>\nLeading an industry-wide effort to standardize prior approval requirements for electronic submissions, with more than 70% of UnitedHealthcare prior approvals expected to be included by the end of 2026.<\/li>\n<li>\nPublicly reporting prior approval metrics to help care providers and the public better understand the process.<\/li>\n<li>\nExpanding eligibility for UnitedHealthcare's Gold Card program \u2013 exempting high-performing providers from routine approval requirements entirely \u2013 and removing requirements for home health services, representing nearly 10% of total UnitedHealthcare prior approval volume.<\/li>\n<\/ul>\n<\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Pharmacy Reform and Drug Affordability<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>To combat high prescription drug costs, the company is lowering out-of-pocket costs for patients and bringing greater transparency to pharmacy benefits, setting a new standard for the industry.<\/i><\/p><ul class=\"bwlistdisc\">\n<li>\nLaunched the industry\u2019s first fully transparent, fee-based pharmacy care model to bring greater clarity, predictability and affordability by decoupling PBM pricing from drug list prices and prescription volume, aligning incentives with patients and plan sponsors and introducing digital tools that allow consumers to view and compare medication costs upfront.<\/li>\n<li>\nCommitted to 100% pass-through of manufacturer drug rebate discounts to clients by January 1, 2028.<\/li>\n<li>\nEliminated 33% of drug reauthorizations \u2013 representing 11% of pharmacy prior approvals \u2013 for a list of nearly 270 chronic condition medications.<\/li>\n<li>\nIncreased minimum payments to independent and community physicians for brand name drugs, benefiting approximately 2,300 independent and community pharmacies.<\/li>\n<\/ul>\n<\/td><\/tr>\n<\/table><p class=\"bwalignc\">\n<b>UnitedHealth Group Second Quarter 2026 Results<\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Quarterly Financial Performance<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Three Months Ended<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>March 31,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRevenues<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$112.0 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$111.6 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$111.7 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nEarnings from Operations<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$8.0 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$5.2 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$9.0 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Margin<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n4.9%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.1%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.6%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><ul class=\"bwlistdisc\">\n<li>\nUnitedHealth Group\u2019s second quarter 2026 revenues were $112.0 billion compared to $111.6 billion in the year ago quarter.<\/li>\n<li>\nSecond quarter 2026 earnings from operations of $8.0 billion compared to $5.2 billion in the year ago quarter, driven by strong performance across both UnitedHealthcare and Optum.<\/li>\n<li>\nThe second quarter 2026 medical care ratio was 86.7% compared to 89.4% in the second quarter 2025. The year-over-year decrease was driven by benefit design and pricing discipline, member mix and medical cost management initiatives. Net medical reserve development was $860 million in the quarter.<\/li>\n<li>\nDays claims payable were 47.0 compared to 48.6 in the first quarter 2026 and 44.5 in the second quarter 2025. The sequential variation was driven by normal seasonality. Days sales outstanding of 17.7 compared to 21.6 in the first quarter 2026 and 19.9 in the year ago quarter, with the sequential and year-over-year decrease due to payment timing.<\/li>\n<li>\nThe second quarter 2026 operating cost ratio of 12.7% compared to 12.3% in second quarter 2025, reflecting incremental investments in technology, processes and people to improve care delivery and customer experiences and advance community health.<\/li>\n<li>\nCash flows from operations were $11.1 billion, or 1.9 times net income, reflecting the timing of a substantial government payment, along with strong earnings performance and disciplined working capital management.<\/li>\n<li>\nDebt-to-capital ratio was 41.2% as of June 30, 2026, compared to 42.9% in the first quarter 2026 and 44.1% in the second quarter 2025. The company continues to target a long-term debt-to-capital ratio of approximately 40.0% by year-end.<\/li>\n<li>\nThe company repurchased $4.0 billion of its common stock through mid-July 2026 and is on track to repurchase at least $5.0 billion for the full year 2026.<\/li>\n<\/ul><p class=\"bwalignc\">\n<b>UnitedHealthcare Second Quarter 2026 Results<\/b><\/p><p>\nUnitedHealthcare provides health care benefits to individuals and employers, as well as Government Program beneficiaries. UnitedHealthcare is dedicated to improving the value customers and consumers receive by improving health and wellness, enhancing the quality of care received, simplifying the health care experience and reducing the total cost of care.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Quarterly Financial Performance<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Three Months Ended<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>March 31,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRevenues<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$86.0 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$86.1 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$86.3 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nEarnings from Operations<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$3.9 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$2.1 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$5.7 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOperating Margin<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n4.6%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.4%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n6.6%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><p>\n<b><span class=\"bwuline\">UnitedHealthcare<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nUnitedHealthcare continues to improve the consumer experience, including by expanding care access and digital services, simplifying prior approvals and offering greater support to rural hospitals and care providers.<\/li>\n<li>\nUnitedHealthcare second quarter 2026 revenues of $86.0 billion compared to $86.1 billion in the second quarter 2025. UnitedHealthcare served 48.5 million people in the second quarter 2026, down 525,000 sequentially.<\/li>\n<li>\nUnitedHealthcare\u2019s second quarter 2026 earnings from operations were $3.9 billion and operating margin was 4.6% compared to $2.1 billion and 2.4% in second quarter 2025. The year-over-year increase was driven by medical and operating cost management, pricing discipline and benefit design changes.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">UnitedHealthcare Employer &amp; Individual<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nUnitedHealthcare Employer &amp; Individual second quarter 2026 revenues were $20.0 billion compared to $19.8 billion in the second quarter 2025.<\/li>\n<li>\nThe number of people served contracted by 145,000 in the second quarter 2026 due to attrition in employer self-funded and fully-insured products.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">UnitedHealthcare Medicare &amp; Retirement<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nUnitedHealthcare Medicare &amp; Retirement second quarter 2026 revenues were $42.4 billion compared to $42.6 billion in the second quarter 2025 due to fewer seniors served.<\/li>\n<li>\nSeniors served through Medicare Advantage, including programs serving complex populations included in Medicaid, have contracted by 965,000 since year-end 2025.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">UnitedHealthcare Community &amp; State<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nUnitedHealthcare Community &amp; State second quarter 2026 revenues were $23.6 billion compared to $23.7 billion in the second quarter 2025.<\/li>\n<li>\nPeople served contracted by 380,000 in the second quarter 2026 primarily due to the planned exit from the Louisiana health plan, as well as ongoing Medicaid eligibility requirements.<\/li>\n<\/ul><p class=\"bwalignc\">\n<b>Optum Second Quarter 2026 Results<\/b><\/p><p>\nThe Optum businesses serve participants throughout health care, including payers, care providers, employers, governments, life sciences companies and consumers. Using market-leading information, analytics and technology to yield clinical insights, Optum helps improve overall health system performance by optimizing care quality, reducing care costs and improving the consumer experience.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Quarterly Financial Performance<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Three Months Ended<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>June 30,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>March 31,<\/b><\/p><p class=\"bwalignc bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRevenues<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$65.7 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$67.2 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$63.7 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nEarnings from Operations<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$4.0 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$3.1 billion<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$3.3 billion<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOperating Margin<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n6.2%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n4.6%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.2%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth51\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><p>\n<b><span class=\"bwuline\">Optum Health<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOptum Health continues to show steady momentum, with ongoing improvements in access to care and clinical and operational discipline driving better patient outcomes, increased provider satisfaction and cost management savings as the business recenters on its integrated value-based care delivery model.<\/li>\n<li>\nOptum Health\u2019s second quarter 2026 revenues of $23.5 billion decreased 5% year-over-year due to ~700,000 fewer value-based care patients served.<\/li>\n<li>\nSecond quarter 2026 earnings from operations were $1.2 billion, representing a 5.1% operating margin. The year-over-year increase was driven by strong operational improvements and medical cost management.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">Optum Insight<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOptum Insight continues to bring AI-enabled products and services to the market, including autonomous coding and digital prior authorization tools, and completed its acquisition of Alegeus on July 2, 2026, expanding the company's consumer-directed healthcare account capabilities.<\/li>\n<li>\nOptum Insight reported second quarter 2026 revenues of $5.4 billion.<\/li>\n<li>\nSecond quarter 2026 earnings from operations were $1.4 billion compared to $1.2 billion in the second quarter 2025. The year-over-year increase was driven by operational improvements and timing of contracts.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">Optum Rx<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOptum Rx is leading an industry-wide shift toward greater transparency and affordability through a modern pharmacy care model that eliminates spread pricing, replaces volume-based incentives with clearly defined per-member fees and provides full disclosure of manufacturer payments.<\/li>\n<li>\nOptum Rx\u2019s second quarter 2026 revenues were $38.3 billion compared to $38.5 billion in second quarter 2025.<\/li>\n<li>\nEarnings from operations for the second quarter 2026 were $1.5 billion compared to $1.4 billion in the second quarter 2025, reflecting specialty generics adoption and continued operational improvements. Adjusted scripts were 387 million compared to 414 million last year due to membership declines within UnitedHealthcare and other customers.<\/li>\n<\/ul><p>\n<b>UnitedHealth Group 2026 Outlook<\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>($ and weighted-average shares in millions; except per share data)<\/i><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>As of\n<br\/><\/b><b>January 27, 2026<\/b><\/p><\/td><td class=\"bwtopsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>As of\n<br\/><\/b><b>July 16, 2026<\/b><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Operating Earnings<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl3 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nUnitedHealthcare<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $10,800<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $12,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl6 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Health<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $2,200<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $2,275<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl6 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Insight<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $4,750<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $4,925<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl6 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum Rx<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $6,250<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $6,250<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl3 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOptum<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $13,200<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $13,450<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>UnitedHealth Group<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $24,000<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $25,450<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Earnings to UNH Shareholders<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $15,600<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $16,750<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDiluted Net Earnings per Share to UNH Shareholders<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $17.10<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$18.45 - $18.95<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted Earnings per Share<sup> (1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $17.75<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n$19.50 - $20.00<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMedical Care Ratio<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n88.8% \u00b1 50 bps<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n88.1% \u00b1 25 bps<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTax Rate<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~19.25%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~18.5%<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwrowaltcolor1 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwrowaltcolor1 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCash Flows from Operations<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $18,000<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~$24,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare Repurchase<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~$2,500<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nAt Least $5,000<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth20\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<sup>(1) <\/sup>Refer to page 16 of this release for a reconciliation of non-GAAP measures.<\/p><\/td><\/tr>\n<\/table><p>\nBelow outlines the 2026 Reported to Adjusted Earnings Bridge for Optum as of July 16, 2026.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwleftsingle bwrightsingle bwpadl0\" colspan=\"9\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Optum 2026 Reported to Adjusted Earnings Bridge<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>($ in millions)<\/i><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Optum Health<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Optum Insight<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Optum Rx<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Total Optum<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrightsingle bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n2026 Reported Operating Earnings Guidance<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $2,275 <sup>(1)<\/sup><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $4,925<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $6,250<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n&gt; $13,450<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth32 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Portfolio Divestitures, Restructuring and Other<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$345<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$(175)<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$170<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwwidth32 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Change in Third Party Loss Contracts<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$(405)<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-<\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n$(405)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>2026 Adjusted Operating Earnings<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwsinglebottom bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>&gt; $2,215<\/b><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwsinglebottom bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>&gt; $4,750<\/b><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwsinglebottom bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>&gt; $6,250<\/b><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwsinglebottom bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>&gt; $13,215<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Adjusted Operating Earnings as of January 27, 2026<\/i><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>&gt; $1,577<\/i><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>&gt; $4,750<\/i><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>&gt; $6,250<\/i><\/p><\/td><td class=\"bwpadl0 bwwidth2 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwwidth15 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>&gt; $12,577<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0 bwwidth32\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"9\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<sup>(1) <\/sup>Optum Health includes $405 million of 2026 operating earnings related to the net change in loss contracts reserve, which will be excluded from adjusted operating earnings and adjusted earnings per share.<\/p><\/td><\/tr>\n<\/table><p>\n<b><span class=\"bwuline\">About UnitedHealth Group<\/span><\/b><\/p><p>\nUnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Visit UnitedHealth Group at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.unitedhealthgroup.com&amp;esheet=54571810&amp;newsitemid=20260716830877&amp;lan=en-US&amp;anchor=www.unitedhealthgroup.com&amp;index=2&amp;md5=c2e3cb45dbf19f1f6472a850f1ae9736\" rel=\"nofollow\" shape=\"rect\">www.unitedhealthgroup.com<\/a> and follow UnitedHealth Group on <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Funitedhealth-group%2F&amp;esheet=54571810&amp;newsitemid=20260716830877&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=450b73f48d6433629752ef28f9ae4534\" rel=\"nofollow\" shape=\"rect\">LinkedIn<\/a>.<\/p><p>\n<b><span class=\"bwuline\">Earnings Conference Call<\/span><\/b><\/p><p>\nAs previously announced, UnitedHealth Group will discuss the company\u2019s results, strategy and future outlook on a conference call with investors at 8:00 a.m. Eastern Time today. UnitedHealth Group will host a live webcast of this conference call from the Investor Relations page of the company\u2019s website (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.unitedhealthgroup.com&amp;esheet=54571810&amp;newsitemid=20260716830877&amp;lan=en-US&amp;anchor=www.unitedhealthgroup.com&amp;index=4&amp;md5=84c3e10cb7c8b2994b1d41e30d768fe4\" rel=\"nofollow\" shape=\"rect\">www.unitedhealthgroup.com<\/a>). Following the call, a webcast replay will be on the Investor Relations page through July 30, 2026. This earnings release and the Form 8-K dated July 16, 2026, can also be accessed from the Investor Relations page of the company\u2019s website.<\/p><p>\n<b><span class=\"bwuline\">Non-GAAP Financial Information<\/span><\/b><\/p><p>\nThis news release presents non-GAAP financial information provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America (\u201cGAAP\u201d). A reconciliation of the non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end of this release.<\/p><p>\n<b><span class=\"bwuline\">Forward-Looking Statements<\/span><\/b><\/p><p>\nThe statements, estimates, projections, guidance or outlook contained in this document include \u201cforward-looking\u201d statements which are intended to take advantage of the \u201csafe harbor\u201d provisions of the federal securities laws. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cforecast,\u201d \u201coutlook,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cshould\u201d and similar expressions identify forward-looking statements. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. Actual results could differ materially from those that management expects, depending on the outcome of certain factors including: our ability to effectively estimate, price for and manage medical costs; new or changes in existing health care laws or regulations, or their enforcement or application; cyberattacks, other privacy\/data security incidents, or our failure to comply with related regulations; reductions in revenue or delays to cash flows received under government programs; changes in Medicare, the CMS star ratings program or the application of risk adjustment data validation audits; our ability to successfully execute initiatives designed to simplify and improve the consumer healthcare experience; our ability to effectively execute our value-based care strategies; the DOJ\u2019s legal actions concerning our participation in the Medicare program; our ability to maintain and achieve improvement in quality scores impacting revenue; failure to maintain effective and efficient information systems or if our technology products do not operate as intended; risks and uncertainties associated with our businesses providing pharmacy care services; competitive pressures, including our ability to maintain or increase our market share; changes in or challenges to our public sector contract awards; failure to achieve targeted operating cost productivity improvements; failure to develop and maintain satisfactory relationships with health care payers, physicians, hospitals and other service providers; the impact of potential changes in tax laws and regulations; increases in costs and other liabilities associated with litigation, government investigations, audits or reviews; risks and uncertainties associated with our increasing use of artificial intelligence and other emerging technologies; failure to complete, manage or integrate strategic transactions; risks and uncertainties associated with the sale of our remaining operations in South America; risks associated with public health crises arising from large-scale medical emergencies, pandemics, natural disasters and other extreme events; failure to attract, develop, retain, and manage the succession of key employees and executives; our investment portfolio performance; impairment of our goodwill and intangible assets; failure to protect proprietary rights to our databases, software and related products; downgrades in our credit ratings; and our ability to obtain sufficient funds from our regulated subsidiaries or from external financings to fund our obligations, reinvest in our business, maintain our debt to total capital ratio at targeted levels, maintain our quarterly dividend payment cycle, or continue repurchasing shares of our common stock.<\/p><p>\nThis above list is not exhaustive. We discuss these matters, and certain risks that may affect our business operations, financial condition and results of operations, more fully in our filings with the SEC, including our reports on Forms 10-K, 10-Q and 8-K. By their nature, forward-looking statements are not guarantees of future performance or results and are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Actual results may vary materially from expectations expressed or implied in this document or any of our prior communications. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update or revise any forward-looking statements, except as required by law.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>UNITEDHEALTH GROUP<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Earnings Release Schedules and Supplementary Information<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Quarter Ended June 30, 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><ul class=\"bwlistdisc\">\n<li>\nCondensed Consolidated Statements of Operations<\/li>\n<li>\nCondensed Consolidated Balance Sheets<\/li>\n<li>\nCondensed Consolidated Statements of Cash Flows<\/li>\n<li>\nRevenues by Business - Supplemental Financial Information<\/li>\n<li>\nEarnings by Business - Supplemental Financial Information<\/li>\n<li>\nPeople Served and Performance Metrics - Supplemental Financial Information<\/li>\n<li>\nReconciliation of Non-GAAP Financial Measures<\/li>\n<\/ul>\n<\/td><\/tr>\n<\/table><br\/> <b>Contacts<\/b> <br\/><p>\nInvestors:\n<br\/><a  href=\"mailto:investor_relations@uhg.com\" rel=\"nofollow\" shape=\"rect\">investor_relations@uhg.com<\/a><\/p><p>\nMedia:\n<br\/><a  href=\"mailto:uhgmedia@uhg.com\" rel=\"nofollow\" shape=\"rect\">uhgmedia@uhg.com<\/a><\/p><br\/> <a href=\"http:\/\/www.businesswire.com\/news\/home\/20260716830877\/en\/UnitedHealth-Group-Reports-Second-Quarter-2026-Results\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg==\"> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"<p>Second Quarter 2026 Revenues of $112.0 Billion; Earnings from Operations of $8.0 Billion<\/p>\n<p>Earnings of $6.04 Per Share and Adjusted Earnings of $6.38 Per Share<\/p>\n<p>Updated Full Year 2026 Earnings Outlook Range to $18.45 to $18.95 Per Share; Adjusted Earn&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37492","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37492"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37492\/revisions"}],"predecessor-version":[{"id":37494,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37492\/revisions\/37494"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}