UNH

UNITEDHEALTH GROUP INC

v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Premiums $ 88,979 $ 77,442 $ 263,418 $ 232,327
Investment and other income 1,132 1,643 3,273 3,651
Total revenues 113,161 100,820 334,352 299,471
Operating costs:        
Medical Costs 79,958 65,957 231,954 197,150
Operating costs 15,223 13,280 42,595 40,519
Cost of products sold 12,566 11,834 37,975 34,230
Depreciation and amortization 1,099 1,041 3,244 3,058
Total operating costs 108,846 92,112 315,768 274,957
Earnings from operations 4,315 8,708 18,584 24,514
Interest expense (1,003) (1,074) (3,028) (2,903)
Loss on sale of subsidiary and subsidiaries held for sale (83) (20) (139) (8,331)
Earnings before income taxes 3,229 7,614 15,417 13,280
Provision for income taxes (686) (1,356) (2,828) (3,822)
Net earnings 2,543 6,258 12,589 9,458
Earnings attributable to noncontrolling interests (195) (203) (543) (596)
Net earnings attributable to UnitedHealth Group common shareholders $ 2,348 $ 6,055 $ 12,046 $ 8,862
Earnings per share attributable to UnitedHealth Group common shareholders:        
Basic $ 2.59 $ 6.56 $ 13.27 $ 9.61
Diluted $ 2.59 $ 6.51 $ 13.21 $ 9.53
Basic weighted-average number of common shares outstanding 906 923 908 922
Dilutive effect of common share equivalents 2 7 4 8
Diluted weighted-average number of common shares outstanding 908 930 912 930
Anti-dilutive shares excluded from the calculation of dilutive effect of common share equivalents 16 4 12 6
Products        
Revenues:        
Revenue from Products and Services $ 13,296 $ 12,631 $ 39,896 $ 36,751
Services        
Revenues:        
Revenue from Products and Services $ 9,754 $ 9,104 $ 27,765 $ 26,742