UNITEDHEALTH GROUP INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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6. Goodwill and Other Intangible Assets
- Goodwill and Other Intangible Assets
Changes in the carrying amount of goodwill, by reportable segment, were as follows:
| (in millions) | UnitedHealthcare | Optum Health | Optum Insight | Optum Rx | Consolidated |
|---|---|---|---|---|---|
| Balance at January 1, 2024 | $27,878 | $37,079 | $19,307 | $19,468 | $103,732 |
| Acquisitions | — | 2,071 | — | 2,305 | 4,376 |
| Dispositions, foreign currency effects and other adjustments, net | (717) | (324) | (327) | (6) | (1,374) |
| Balance at December 31, 2024 | 27,161 | 38,826 | 18,980 | 21,767 | 106,734 |
| Acquisitions | — | 4,011 | — | 284 | 4,295 |
| Dispositions, foreign currency effects and other adjustments, net | 35 | (72) | (247) | (246) | (530) |
| Balance at December 31, 2025 | $27,196 | $42,765 | $18,733 | $21,805 | $110,499 |
The gross carrying value, accumulated amortization and net carrying value of other intangible assets were as follows:
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| (in millions) | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | Gross Carrying Value | Accumulated Amortization | Net Carrying Value |
| Customer-related | $14,456 | $(5,966) | $8,490 | $17,190 | $(6,675) | $10,515 |
| Trademarks and technology | 2,356 | (1,265) | 1,091 | 2,917 | (1,284) | 1,633 |
| Trade names, trademarks, operating licenses and certificates and other indefinite-lived | 10,734 | — | 10,734 | 10,454 | — | 10,454 |
| Other | 400 | (241) | 159 | 1,057 | (391) | 666 |
| Total | $27,946 | $(7,472) | $20,474 | $31,618 | $(8,350) | $23,268 |
The fair values and weighted-average useful lives assigned to intangible assets as a result of transactions completed during years ended:
| 2025 | 2024 | |||
|---|---|---|---|---|
| (in millions, except years) | Fair Value | Weighted-Average Useful Life | Fair Value | Weighted-Average Useful Life |
| Customer-related | $14 | 8 years | $1,258 | 12 years |
| Trademarks and technology | 21 | 3 years | 527 | 6 years |
| Other | 75 | 9 years | 22 | 8 years |
| Total finite-lived | $110 | 8 years | $1,807 | 10 years |
| Total indefinite-lived - trade names, trademarks, operating licenses and certificates and other | 415 | 8,795 | ||
| Total intangible assets | $525 | $10,602 | ||
Estimated full year amortization expense relating to intangible assets for each of the next five years ending December 31 is as follows:
| (in millions) | |
|---|---|
| 2026 | $1,340 |
| 2027 | 1,257 |
| 2028 | 1,178 |
| 2029 | 1,047 |
| 2030 | 926 |
Amortization expense relating to intangible assets for the years ended December 31, 2025, 2024 and 2023 was $1.7 billion, $1.7 billion and $1.6 billion, respectively.
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