UNITEDHEALTH GROUP INC
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
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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 1, “Business” and Note 14 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2025 10-K.
2026 Business Realignment
On January 1, 2026, the Company realigned certain businesses to respond to changes in the markets it serves and the opportunities that are emerging as the health system evolves. Optum Financial, including Optum Bank, which was historically included in Optum Health is now included in Optum Insight. The Company’s reportable segments remain unchanged, with prior period segment financial information recast to conform to the 2026 presentation.
The following tables present reportable segment financial information:
| Optum | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | UnitedHealthcare | Optum Health (b) | Optum Insight (b) | Optum Rx | Optum Eliminations (b) | Optum | Corporate andEliminations | Consolidated |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $83,028 | $4,050 | $— | $— | $— | $4,050 | $— | $87,078 |
| Products | — | 62 | 45 | 14,186 | — | 14,293 | — | 14,293 |
| Services | 2,765 | 4,463 | 1,597 | 1,421 | — | 7,481 | — | 10,246 |
| Total revenues - unaffiliated customers | 85,793 | 8,575 | 1,642 | 15,607 | — | 25,824 | — | 111,617 |
| Total revenues - affiliated customers | — | 14,180 | 3,496 | 24,271 | (1,428) | 40,519 | (40,519) | — |
| Investment and other income | 537 | 155 | 336 | 49 | — | 540 | — | 1,077 |
| Total revenues | $86,330 | $22,910 | $5,474 | $39,927 | $(1,428) | $66,883 | $(40,519) | $112,694 |
| Total operating costs (a) | $83,499 | $22,175 | $4,195 | $38,209 | $(1,428) | $63,151 | $(40,519) | $106,131 |
| Earnings from operations | $2,831 | $735 | $1,279 | $1,718 | $— | $3,732 | $— | $6,563 |
| Interest expense | — | — | — | — | — | — | (963) | (963) |
| Loss on sale of subsidiary and subsidiaries held for sale | (76) | — | — | — | — | — | — | (76) |
| Earnings before income taxes | $2,755 | $735 | $1,279 | $1,718 | $— | $3,732 | $(963) | $5,524 |
| Total assets | $125,223 | $72,089 | $67,213 | $57,840 | $(492) | $196,650 | $(9,091) | $312,782 |
| Purchases of property, equipment and capitalized software | 159 | 201 | 394 | 105 | — | 700 | — | 859 |
| Depreciation and Amortization | 195 | 253 | 439 | 186 | — | 878 | — | 1,073 |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $83,924 | $5,055 | $— | $— | $— | $5,055 | $— | $88,979 |
| Products | — | 61 | 45 | 13,190 | — | 13,296 | — | 13,296 |
| Services | 2,578 | 4,255 | 1,678 | 1,243 | — | 7,176 | — | 9,754 |
| Total revenues - unaffiliated customers | 86,502 | 9,371 | 1,723 | 14,433 | — | 25,527 | — | 112,029 |
| Total revenues - affiliated customers | — | 15,811 | 3,324 | 25,195 | (1,244) | 43,086 | (43,086) | — |
| Investment and other income | 568 | 240 | 273 | 51 | — | 564 | — | 1,132 |
| Total revenues | $87,070 | $25,422 | $5,320 | $39,679 | $(1,244) | $69,177 | $(43,086) | $113,161 |
| Total operating costs (a) | $85,265 | $25,381 | $4,400 | $38,130 | $(1,244) | $66,667 | $(43,086) | $108,846 |
| Earnings from operations | $1,805 | $41 | $920 | $1,549 | $— | $2,510 | $— | $4,315 |
| Interest expense | — | — | — | — | — | — | (1,003) | (1,003) |
| Loss on sale of subsidiary and subsidiaries held for sale | (83) | — | — | — | — | — | — | (83) |
| Earnings before income taxes | $1,722 | $41 | $920 | $1,549 | $— | $2,510 | $(1,003) | $3,229 |
| Total assets | $130,492 | $73,964 | $60,777 | $62,528 | $— | $197,269 | $(12,492) | $315,269 |
| Purchases of property, equipment and capitalized software | 238 | 265 | 284 | 103 | — | 652 | — | 890 |
| Depreciation and Amortization | 221 | 274 | 394 | 210 | — | 878 | — | 1,099 |
(a)Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.
(b)Prior period amounts have been recast to reflect the realignment of Optum Financial.
| Optum | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | UnitedHealthcare | Optum Health (b) | Optum Insight (b) | Optum Rx | Optum Eliminations (b) | Optum | Corporate andEliminations | Consolidated |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $248,627 | $12,968 | $— | $— | $— | $12,968 | $— | $261,595 |
| Products | — | 181 | 135 | 41,062 | — | 41,378 | — | 41,378 |
| Services | 8,294 | 13,172 | 4,734 | 3,843 | — | 21,749 | — | 30,043 |
| Total revenues - unaffiliated customers | 256,921 | 26,321 | 4,869 | 44,905 | — | 76,095 | — | 333,016 |
| Total revenues - affiliated customers | — | 43,531 | 10,170 | 68,911 | (4,152) | 118,460 | (118,460) | — |
| Investment and other income | 1,691 | 639 | 962 | 139 | — | 1,740 | — | 3,431 |
| Total revenues | $258,612 | $70,491 | $16,001 | $113,955 | $(4,152) | $196,295 | $(118,460) | $336,447 |
| Total operating costs (a) | $246,145 | $67,425 | $12,390 | $109,555 | $(4,152) | $185,218 | $(118,460) | $312,903 |
| Earnings from operations | $12,467 | $3,066 | $3,611 | $4,400 | $— | $11,077 | $— | $23,544 |
| Interest expense | — | — | — | — | — | — | (2,880) | (2,880) |
| Loss on sale of subsidiary and subsidiaries held for sale | (209) | — | — | — | — | — | — | (209) |
| Earnings before income taxes | $12,258 | $3,066 | $3,611 | $4,400 | $— | $11,077 | $(2,880) | $20,455 |
| Total assets | $125,223 | $72,089 | $67,213 | $57,840 | $(492) | $196,650 | $(9,091) | $312,782 |
| Purchases of property, equipment and capitalized software | 570 | 595 | 991 | 265 | — | 1,851 | — | 2,421 |
| Depreciation and Amortization | 589 | 759 | 1,245 | 549 | — | 2,553 | — | 3,142 |
| Revenues - unaffiliated customers: | ||||||||
| Premiums | $248,456 | $14,962 | $— | $— | $— | $14,962 | $— | $263,418 |
| Products | — | 191 | 133 | 39,572 | — | 39,896 | — | 39,896 |
| Services | 7,665 | 11,660 | 5,010 | 3,430 | — | 20,100 | — | 27,765 |
| Total revenues - unaffiliated customers | 256,121 | 26,813 | 5,143 | 43,002 | — | 74,958 | — | 331,079 |
| Total revenues - affiliated customers | — | 47,466 | 9,683 | 70,122 | (3,546) | 123,725 | (123,725) | — |
| Investment and other income | 1,669 | 705 | 753 | 146 | — | 1,604 | — | 3,273 |
| Total revenues | $257,790 | $74,984 | $15,579 | $113,270 | $(3,546) | $200,287 | $(123,725) | $334,352 |
| Total operating costs (a) | $248,684 | $73,103 | $12,290 | $108,962 | $(3,546) | $190,809 | $(123,725) | $315,768 |
| Earnings from operations | $9,106 | $1,881 | $3,289 | $4,308 | $— | $9,478 | $— | $18,584 |
| Interest expense | — | — | — | — | — | — | (3,028) | (3,028) |
| Loss on sale of subsidiary and subsidiaries held for sale | (139) | — | — | — | — | — | — | (139) |
| Earnings before income taxes | $8,967 | $1,881 | $3,289 | $4,308 | $— | $9,478 | $(3,028) | $15,417 |
| Total assets | $130,492 | $73,964 | $60,777 | $62,528 | $— | $197,269 | $(12,492) | $315,269 |
| Purchases of property, equipment and capitalized software | 626 | 821 | 941 | 286 | — | 2,048 | — | 2,674 |
| Depreciation and Amortization | 661 | 791 | 1,155 | 637 | — | 2,583 | — | 3,244 |
(a)Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.
(b)Prior period amounts have been recast to reflect the realignment of Optum Financial.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.