---
schema_version: "secwatch.filing_event.v1"
accession: "0000731766-25-000123"
form_type: "8-K"
ticker: "UNH"
cik: "0000731766"
company_name: "UNITEDHEALTH GROUP INC"
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:41:06.468441+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UnitedHealth Q1 adj EPS $7.20 misses; revises FY2025 guidance down to $26-$26.50 adj EPS

## Summary
- Q1 EPS $6.85 ($7.20 adjusted); revenues $109.6B, up $9.8B YoY.
- Medical care ratio 84.8% vs 84.3% YoY; no favorable reserve development in Q1.
- Revised FY2025 net earnings guidance $24.65-$25.15; adjusted $26-$26.50 per share.
- Cites heightened Medicare Advantage care activity and Optum Health member profile changes.
- UnitedHealthcare served 780k additional consumers YTD; Optum Health expects 650k new value-based care patients in 2025.

## SEC filing metadata
- accession: 0000731766-25-000123
- form_type: 8-K
- ticker: UNH
- cik: 0000731766
- company_name: UNITEDHEALTH GROUP INC
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731766/000073176625000123/0000731766-25-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731766/000073176625000123/unh-20250417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731766-25-000123
- JSON: https://secwatch.observer/filing/0000731766-25-000123.json
- Plain text: https://secwatch.observer/filing/0000731766-25-000123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.