---
schema_version: "secwatch.filing_event.v1"
accession: "0000731766-26-000025"
form_type: "8-K"
ticker: "UNH"
cik: "0000731766"
company_name: "UNITEDHEALTH GROUP INC"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:42:47.101046+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UNH 2025 rev $447.6B (+12%), adj EPS $16.35; 2026 outlook adj EPS >$17.75

## Summary
- Full year 2025 GAAP EPS $13.23, adjusted EPS $16.35 (down from 2024); Q4 adjusted EPS $2.11 vs $0.01 GAAP.
- Revenue grew 12% YoY to $447.6B; operating earnings $19.0B included $2.8B pre-tax charge for cyber, divestitures, restructuring.
- Medical care ratio 89.1% (adj 88.9%), up 340 bps YoY due to Medicare funding cuts, IRA impact, and medical cost trends.
- 2026 outlook: Revenue >$439B, GAAP EPS >$17.10, adj EPS >$17.75, cash flows >$18B reflecting margin improvement.
- UnitedHealthcare rev $344.9B (+16%); Optum rev $270.6B (+7%); cash flows from operations $19.7B (1.5x net income).

## SEC filing metadata
- accession: 0000731766-26-000025
- form_type: 8-K
- ticker: UNH
- cik: 0000731766
- company_name: UNITEDHEALTH GROUP INC
- filed_at: 2026-01-27T23:59:59+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/731766/000073176626000025/0000731766-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731766/000073176626000025/unh-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731766-26-000025
- JSON: https://secwatch.observer/filing/0000731766-26-000025.json
- Plain text: https://secwatch.observer/filing/0000731766-26-000025.txt

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