UNITEDHEALTH GROUP INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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9. Segment Financial Information
- Segment Financial Information
The Company’sfour reportable segments are UnitedHealthcare, Optum Health, Optum Insight and Optum Rx. For more information on the Company’s segments, see Part I, Item I, “Business” and Note 14 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2023 10-K.
The following tables present reportable segment financial information:
| Optum | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | UnitedHealthcare | Optum Health | Optum Insight | Optum Rx | Optum Eliminations | Optum | Corporate andEliminations | Consolidated |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $70,950 | $5,947 | $— | $— | $— | $5,947 | $— | $76,897 |
| Products | — | 62 | 41 | 12,108 | — | 12,211 | — | 12,211 |
| Services | 2,388 | 4,083 | 1,405 | 874 | — | 6,362 | — | 8,750 |
| Total revenues - unaffiliated customers | 73,338 | 10,092 | 1,446 | 12,982 | — | 24,520 | — | 97,858 |
| Total revenues - affiliated customers | — | 16,576 | 3,070 | 19,373 | (1,129) | 37,890 | (37,890) | — |
| Investment and other income | 528 | 382 | 27 | 60 | — | 469 | — | 997 |
| Total revenues | $73,866 | $27,050 | $4,543 | $32,415 | $(1,129) | $62,879 | $(37,890) | $98,855 |
| Earnings from operations | $4,004 | $1,919 | $546 | $1,406 | $— | $3,871 | $— | $7,875 |
| Interest expense | — | — | — | — | — | — | (985) | (985) |
| Loss on sale of subsidiary and subsidiaries held for sale | (1,225) | — | — | — | — | — | — | (1,225) |
| Earnings before income taxes | $2,779 | $1,919 | $546 | $1,406 | $— | $3,871 | $(985) | $5,665 |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $67,047 | $5,427 | $— | $— | $— | $5,427 | $— | $72,474 |
| Products | — | 51 | 39 | 10,561 | — | 10,651 | — | 10,651 |
| Services | 2,584 | 3,541 | 1,995 | 543 | — | 6,079 | — | 8,663 |
| Total revenues - unaffiliated customers | 69,631 | 9,019 | 2,034 | 11,104 | — | 22,157 | — | 91,788 |
| Total revenues - affiliated customers | — | 14,454 | 2,615 | 17,496 | (893) | 33,672 | (33,672) | — |
| Investment and other income | 600 | 444 | 25 | 46 | — | 515 | — | 1,115 |
| Total revenues | $70,231 | $23,917 | $4,674 | $28,646 | $(893) | $56,344 | $(33,672) | $92,903 |
| Earnings from operations | $4,358 | $1,525 | $968 | $1,206 | $— | $3,699 | $— | $8,057 |
| Interest expense | — | — | — | — | — | — | (828) | (828) |
| Earnings before income taxes | $4,358 | $1,525 | $968 | $1,206 | $— | $3,699 | $(828) | $7,229 |
| Optum | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | UnitedHealthcare | Optum Health | Optum Insight | Optum Rx | Optum Eliminations | Optum | Corporate andEliminations | Consolidated |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $143,243 | $11,642 | $— | $— | $— | $11,642 | $— | $154,885 |
| Products | — | 121 | 82 | 23,917 | — | 24,120 | — | 24,120 |
| Services | 4,917 | 8,053 | 3,107 | 1,561 | — | 12,721 | — | 17,638 |
| Total revenues - unaffiliated customers | 148,160 | 19,816 | 3,189 | 25,478 | — | 48,483 | — | 196,643 |
| Total revenues - affiliated customers | — | 33,193 | 5,801 | 37,654 | (2,145) | 74,503 | (74,503) | — |
| Investment and other income | 1,063 | 772 | 55 | 118 | — | 945 | — | 2,008 |
| Total revenues | $149,223 | $53,781 | $9,045 | $63,250 | $(2,145) | $123,931 | $(74,503) | $198,651 |
| Earnings from operations | $8,399 | $3,818 | $1,036 | $2,553 | $— | $7,407 | $— | $15,806 |
| Interest expense | — | — | — | — | — | — | (1,829) | (1,829) |
| Loss on sale of subsidiary and subsidiaries held for sale | (8,311) | — | — | — | — | — | — | (8,311) |
| Earnings before income taxes | $88 | $3,818 | $1,036 | $2,553 | $— | $7,407 | $(1,829) | $5,666 |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $134,505 | $10,755 | $— | $— | $— | $10,755 | $— | $145,260 |
| Products | — | 95 | 79 | 20,744 | — | 20,918 | — | 20,918 |
| Services | 5,139 | 6,630 | 3,921 | 1,053 | — | 11,604 | — | 16,743 |
| Total revenues - unaffiliated customers | 139,644 | 17,480 | 4,000 | 21,797 | — | 43,277 | — | 182,921 |
| Total revenues - affiliated customers | — | 28,720 | 5,125 | 34,175 | (1,752) | 66,268 | (66,268) | — |
| Investment and other income | 1,055 | 721 | 45 | 92 | — | 858 | — | 1,913 |
| Total revenues | $140,699 | $46,921 | $9,170 | $56,064 | $(1,752) | $110,403 | $(66,268) | $184,834 |
| Earnings from operations | $8,701 | $3,301 | $1,875 | $2,266 | $— | $7,442 | $— | $16,143 |
| Interest expense | — | — | — | — | — | — | (1,582) | (1,582) |
| Earnings before income taxes | $8,701 | $3,301 | $1,875 | $2,266 | $— | $7,442 | $(1,582) | $14,561 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.