UnitedHealth Group Incorporated reported a 9% increase in consolidated revenues to $100.82 billion for the third quarter of 2024, compared to $92.36 billion in the same period last year. The revenue growth was primarily driven by the company's Optum Rx and Optum Health segments, as well as growth across UnitedHealthcare's domestic offerings. Earnings from operations rose slightly to $8.7 billion from $8.5 billion year-over-year. However, net earnings attributable to UnitedHealth Group common shareholders saw a 4% increase to $6.055 billion, with diluted earnings per share at $6.51. The company served 2.0 million more people domestically, mainly due to growth in commercial offerings, despite the impact of Medicaid redeterminations. UnitedHealthcare's revenues increased by 7% to $74.85 billion, while Optum's revenues grew by 13% to $63.92 billion. The medical care...Show More

UnitedHealth Group Incorporated reported a 9% increase in consolidated revenues to $100.82 billion for the third quarter of 2024, compared to $92.36 billion in the same period last year. The revenue growth was primarily driven by the company's Optum Rx and Optum Health segments, as well as growth across UnitedHealthcare's domestic offerings. Earnings from operations rose slightly to $8.7 billion from $8.5 billion year-over-year. However, net earnings attributable to UnitedHealth Group common shareholders saw a 4% increase to $6.055 billion, with diluted earnings per share at $6.51. The company served 2.0 million more people domestically, mainly due to growth in commercial offerings, despite the impact of Medicaid redeterminations. UnitedHealthcare's revenues increased by 7% to $74.85 billion, while Optum's revenues grew by 13% to $63.92 billion. The medical care ratio (MCR) increased to 85.2% from 82.3%, reflecting higher medical costs. The company also faced challenges, including a cyberattack on Change Healthcare, which resulted in direct response costs and business disruption impacts totaling $1.7 billion for the nine months ended September 30, 2024. Looking ahead, UnitedHealth Group expects to continue incurring costs related to the cyberattack and is working to restore transaction volumes to pre-event levels. The company remains focused on balancing growth and profitability, managing medical costs, and adapting to regulatory changes.