UnitedHealth reports Q2 GAAP net earnings up at US$5.1B from US$4.3B a year ago, with revenues up 13% from a year ago to US$80.3B due to double-digit growth at UnitedHealthcare, Optum; Q2 medical care ratio was 81.5% due to COVID-19 effects, business mix

MINNETONKA, Minnesota , July 19, 2022 (press release) –

Revenues of $80.3 Billion Grew 13% Year-Over-Year, with Double-Digit Growth at both Optum and UnitedHealthcare

Earnings from Operations were $7.1 Billion, Growth of 19% Year-Over-Year

Cash Flows from Operations were $6.9 Billion, 1.3x Net Income 

Earnings were $5.34 Per Share, Adjusted Earnings $5.57 Per Share

UnitedHealth Group (NYSE: UNH) reported second quarter 2022 performance led by broad-based growth at Optum and UnitedHealthcare.

“Customers are responding as we build on our five growth pillars, enabling us to move into the second half of 2022 with strong momentum serving ever more people more deeply,” said Andrew Witty, chief executive officer of UnitedHealth Group.

Based upon the first half performance and growth expectations, the company increased its full year net earnings outlook to $20.45 to $20.95 per share and adjusted net earnings to $21.40 to $21.90 per share. Growth in the second quarter was balanced across the company’s businesses, driven especially by continued strong expansion in people served at UnitedHealthcare and in value-based arrangements at Optum Health.

Download: UnitedHealth Group Earnings, Including Financial Tables

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