earnings
confidence high
sentiment positive
materiality 0.85
UnitedHealth FY2023 rev $371.6B (+15%), adj EPS $25.12; Q4 adj EPS $6.16; affirms 2024 outlook
UNITEDHEALTH GROUP INC
2023-FY EPS reported
$23.86
revenue$371,622,000,000
- Full-year revenues $371.6B (+14.6% YoY); earnings from operations $32.4B (+13.8%).
- Full-year GAAP EPS $23.86; adjusted EPS $25.12; Q4 GAAP EPS $5.83; adjusted EPS $6.16.
- Medical care ratio 83.2% vs 82% in 2022; Q4 MCR 85%. Days claims payable 47.9 vs 49.9 year-end 2022.
- UnitedHealthcare revenue $281.4B (+12.7%); serves over 1M more people. Optum revenue $226.6B (+24%).
- Cash from ops $29.1B (1.3x net income); returned $14.8B to shareholders; affirmed 2024 performance objectives.