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UnitedHealth Surpasses Expectations and Raises 2023 Guidance on Strong Optum Growth

Overview

  • UnitedHealth reported a 11% profit increase and strong growth across its insurance plans and Optum health services.
  • Quarterly revenue rose 15% to $91.9 billion, exceeding forecasts.
  • The company raised its full-year earnings outlook citing broad gains in commercial, community-based, and senior health plans.
  • Optum revenue jumped 25% and operating earnings rose 19% as the segment added millions of new clients.
  • UnitedHealth now serves over 103 million customers, an increase of nearly 2 million from last year.