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UNITEDHEALTH GROUP INC

For the period ended Dec 31, 2025. Filed Mar 2, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 2, 2026

UNH$405.12+1.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

5. Property, Equipment and Capitalized Software

  1. Property, Equipment and Capitalized Software

A summary of property, equipment and capitalized software is as follows:

(in millions)December 31, 2025December 31, 2024
Land and improvements$387$364
Buildings and improvements4,0874,215
Computer equipment2,2792,267
Furniture and fixtures1,7081,694
Less accumulated depreciation(3,719)(3,645)
Property and equipment, net4,7424,895
Capitalized software9,8478,984
Less accumulated amortization(3,827)(3,326)
Capitalized software, net6,0205,658
Total property, equipment and capitalized software, net$10,762$10,553

Depreciation expense for property and equipment for the years ended December 31, 2025, 2024 and 2023 was $1.0 billion, $1.0 billion, and $1.1 billion, respectively. Amortization expense for capitalized software for the years ended December 31, 2025, 2024 and 2023 was $1.7 billion, $1.4 billion and $1.2 billion, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.