---
schema_version: "secwatch.filing_event.v1"
accession: "0000731766-25-000228"
form_type: "8-K"
ticker: "UNH"
cik: "0000731766"
company_name: "UNITEDHEALTH GROUP INC"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:52:57.361047+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UnitedHealth Q2 EPS $3.74, cuts FY outlook; cites $1.2B unfavorable items, high medical trend

## Summary
- Q2 revenue $111.6B (+13% YoY); diluted EPS $3.74; adjusted EPS $4.08.
- Medical care ratio 89.4% (+430 bps YoY); operating cost ratio 12.3% (-100 bps).
- UnitedHealthcare operating margin fell to 2.4% from 5.4% YoY; Optum margin 4.6% vs 6.2%.
- FY2025 outlook re-established: revenue $445.5B-$448.0B, EPS at least $14.65, adjusted at least $16.00.
- Quarterly dividend raised 5% to $2.21; expects return to earnings growth in 2026.

## SEC filing metadata
- accession: 0000731766-25-000228
- form_type: 8-K
- ticker: UNH
- cik: 0000731766
- company_name: UNITEDHEALTH GROUP INC
- filed_at: 2025-07-29T23:59:59+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/731766/000073176625000228/0000731766-25-000228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731766/000073176625000228/unh-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731766-25-000228
- JSON: https://secwatch.observer/filing/0000731766-25-000228.json
- Plain text: https://secwatch.observer/filing/0000731766-25-000228.txt

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