UNITEDHEALTH GROUP INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 77,681 | 43.7 |
| Stockholders' equity | 100,090 | 56.3 |
| Total capitalization | 177,771 | 100.0 |
897,594,847 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 10 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 77,681 |
| Long-term debt, noncurrent | 72,320 |
| Current maturities | 6,069 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 3,000,000,000 |
| Common shares issued | 906,000,000 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/31/26 | 897,594,847 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 8.73 | 66.0 |
| 2024 | 8.18 | 52.7 |
| 2023 | 7.29 | 30.6 |
| 2022 | 6.40 | 30.2 |
| 2021 | 5.60 | 31.0 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as UNITED HEALTHCARE CORP (to 14 February 2000).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6324, Hospital & Medical Service Plans. Large accelerated filer. Principal executive office: 1 Health Drive, Eden Prairie, MN 55344. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Premiums earned | 352,229 | 308,810 | 290,827 |
| Total revenues | 447,567 | 400,278 | 371,622 |
| Benefits, losses and expenses | 313,995 | 264,185 | 241,894 |
| Income before income taxes | 14,697 | 20,071 | 29,112 |
| Income taxes | 1,890 | 4,829 | 5,968 |
| Net income | 12,056 | 14,405 | 22,381 |
| Earned per share, diluted ($) | 13.23 | 15.51 | 23.86 |
| Dividends per share ($) | 8.73 | 8.18 | 7.29 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total investments | 54,251 | 52,354 |
| Cash and equivalents | 24,365 | 25,312 |
| Total assets | 309,581 | 298,278 |
| Policy liabilities and reserves | 39,337 | 34,224 |
| Total liabilities | 207,883 | 195,687 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 447,567 | 18,964 | 12,056 | 2.7 | 13.23 | 8.73 | 19,697 | 309,581 | 207,883 | 77,681 | – | 100,090 | 12.0 | 0.78 |
| 12/31/24 | 400,278 | 32,287 | 14,405 | 3.6 | 15.51 | 8.18 | 24,204 | 298,278 | 195,687 | 76,180 | – | 98,268 | 14.7 | 0.78 |
| 12/31/23 | 371,622 | 32,358 | 22,381 | 6.0 | 23.86 | 7.29 | 29,068 | 273,720 | 174,801 | 61,473 | – | 94,421 | 23.7 | 0.65 |
| 12/31/22 | 324,162 | 28,435 | 20,120 | 6.2 | 21.18 | 6.40 | 26,206 | 245,705 | 159,358 | 56,756 | – | 81,450 | 24.7 | 0.70 |
| 12/31/21 | 287,597 | 23,970 | 17,285 | 6.0 | 18.08 | 5.60 | 22,343 | 212,206 | 135,727 | 44,632 | – | 75,045 | 23.0 | 0.59 |
| 12/31/20 | 257,141 | 22,405 | 15,403 | 6.0 | 16.03 | 4.83 | 22,174 | 197,289 | 126,750 | 42,280 | – | 68,328 | 22.5 | 0.62 |
| 12/31/19 | 242,155 | 19,685 | 13,839 | 5.7 | 14.33 | 4.14 | 18,463 | 173,889 | 111,727 | 39,474 | – | 60,436 | 22.9 | 0.65 |
| 12/31/18 | 226,247 | 17,344 | 11,986 | 5.3 | 12.19 | 3.45 | 15,713 | 152,221 | 95,994 | 35,234 | – | 54,319 | 22.1 | 0.65 |
| 12/31/17 | 201,159 | 15,209 | 10,558 | 5.2 | 10.72 | 2.88 | 13,596 | 139,058 | 87,036 | 31,067 | – | 49,833 | 21.2 | 0.62 |
| 12/31/16 | 184,840 | 12,930 | 7,017 | 3.8 | 7.25 | 2.38 | 9,795 | 122,810 | 82,621 | 32,770 | – | 38,177 | 18.4 | 0.86 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
UNITEDHEALTH GROUP INC
CIK 731766 · EIN 41-1321939
PRINCIPAL OFFICE:
1 Health Drive, Eden Prairie, MN 55344
Tel.: 1-800-328-5979
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6324 · Hospital & Medical Service Plans
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 2 March 2026
FORMER NAMES:
UNITED HEALTHCARE CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 3/2/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/28/24) · 10-K FY2022 (filed 2/24/23) · 10-K FY2021 (filed 2/15/22) · 10-K FY2020 (filed 3/1/21) · 10-K FY2019 (filed 2/14/20) · 10-K FY2018 (filed 2/12/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.