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UnitedHealth Beats Q3 and Lifts 2025 Outlook as Turnaround Takes Hold

The report suggests early stabilization under returning CEO Stephen Hemsley.

Overview

  • Adjusted earnings came in at $2.92 per share, topping forecasts, on revenue of about $113.2 billion that matched expectations.
  • UnitedHealth raised its 2025 adjusted profit guidance to at least $16.25 per share as management targets a return to growth in 2026.
  • The medical loss ratio was 89.9%, reflecting elevated care costs, and quarterly net income declined to roughly $2.35 billion year over year.
  • Optum Rx revenue rose 16% to $39.7 billion while Optum Health was flat at $25.9 billion, and UnitedHealthcare insurance revenue increased 16% to $87.1 billion.
  • The company is narrowing its Medicare Advantage footprint by exiting 109 counties affecting about 600,000 members and continues cooperating with a DOJ probe, with shares up roughly 4% premarket.