secwatch.observer — SEC 8-K summary
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Issuer:     UNITEDHEALTH GROUP INC (UNH)
CIK:        0000731766
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0000731766-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731766/000073176626000025/0000731766-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731766/000073176626000025/unh-20260127.htm
  HTML page:      https://secwatch.observer/filing/0000731766-26-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer