PRESS RELEASE

UnitedHealth Group Reports First Quarter 2025 Results and Revises Full Year Guidance

April 17, 2025
  • Revised 2025 Earnings Outlook to $24.65 to $25.15 Per Share, Adjusted Earnings $26 to $26.50 Per Share

  • First Quarter Earnings were $6.85 Per Share, Adjusted Earnings $7.20 Per Share

  • Revenues of $109.6 Billion Grew $9.8 Billion Year-Over-Year

  • Consumers Served by UnitedHealthcare Increased by 780,000 Year to Date

  • Optum Health Continues to Expect to Serve 650,000 New Value-Based Care Patients in 2025

UnitedHealth Group reported first quarter 2025 results and revised its outlook for the year.

“UnitedHealth Group grew to serve more people more comprehensively but did not perform up to our expectations, and we are aggressively addressing those challenges to position us well for the years ahead, and return to our long-term earnings growth rate target of 13 to 16%,” said Andrew Witty, chief executive officer of UnitedHealth Group.

UnitedHealth Group revised its 2025 performance outlook established in December 2024 to net earnings of $24.65 to $25.15 per share and adjusted earnings of $26 to $26.50 per share. This outlook reflects two factors:

  • Heightened care activity indications within UnitedHealthcare’s Medicare Advantage businesses, which became visible as the quarter closed, far above the planned 2025 increase which was consistent with the elevated levels in 2024. This activity was most notable within physician and outpatient services.
  • Unanticipated changes in the profile of Optum Health members impacting planned 2025 reimbursement due to unexpectedly minimal 2024 beneficiary engagement by plans exiting markets. In addition, a greater-than-expected impact to current and new complex patients from the ongoing Medicare funding reductions enacted by the previous administration.

The company believes these factors to be highly addressable over the course of this year as well as it looks ahead to 2026.

Download: UnitedHealth Group Earnings, Including Financial Tables