v3.25.2
Segment Financial Information (Notes)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Financial Information
The Company’s four reportable segments are UnitedHealthcare, Optum Health, Optum Insight and Optum Rx. For more information on the Company’s segments, see Part I, Item I, “Business” and Note 14 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2024 10-K.
The following tables present reportable segment financial information:
  Optum  
(in millions)UnitedHealthcareOptum HealthOptum InsightOptum RxOptum EliminationsOptumCorporate and
Eliminations		Consolidated
Three Months Ended June 30, 2025
Revenues - unaffiliated customers:
Premiums$83,019 $4,886 $— $— $— $4,886 $— $87,905 
Products— 65 44 13,455 — 13,564 — 13,564 
Services2,511 3,846 1,516 1,166 — 6,528 — 9,039 
Total revenues - unaffiliated customers
85,530 8,797 1,560 14,621 — 24,978 — 110,508 
Total revenues - affiliated customers
— 15,953 3,236 23,790 (1,267)41,712 (41,712)— 
Investment and other income
573 455 32 48 — 535 — 1,108 
Total revenues$86,103 $25,205 $4,828 $38,459 $(1,267)$67,225 $(41,712)$111,616 
Total operating costs (a)$84,028 $24,569 $3,830 $37,018 $(1,267)$64,150 $(41,712)$106,466 
Earnings from operations$2,075 $636 $998 $1,441 $— $3,075 $— $5,150 
Interest expense— — — — — — (1,027)(1,027)
Loss on sale of subsidiary and subsidiaries held for sale(41)— — — — — — (41)
Earnings before income taxes
$2,034 $636 $998 $1,441 $— $3,075 $(1,027)$4,082 
Total assets$129,587 $96,452 $33,716 $61,674 $— $191,842 $(12,856)$308,573 
Purchases of property, equipment and capitalized software193 306 289 98 — 693 — 886 
Depreciation and Amortization221 296 351 216 — 863 — 1,084 
Three Months Ended June 30, 2024
Revenues - unaffiliated customers:
Premiums$70,950 $5,947 $— $— $— $5,947 $— $76,897 
Products— 62 41 12,108 — 12,211 — 12,211 
Services2,388 4,083 1,405 874 — 6,362 — 8,750 
Total revenues - unaffiliated customers
73,338 10,092 1,446 12,982 — 24,520 — 97,858 
Total revenues - affiliated customers
— 16,576 3,070 19,373 (1,129)37,890 (37,890)— 
Investment and other income
528 382 27 60 — 469 — 997 
Total revenues$73,866 $27,050 $4,543 $32,415 $(1,129)$62,879 $(37,890)$98,855 
Total operating costs (a)$69,862 $25,131 $3,997 $31,009 $(1,129)$59,008 $(37,890)$90,980 
Earnings from operations$4,004 $1,919 $546 $1,406 $— $3,871 $— $7,875 
Interest expense— — — — — — (985)(985)
Loss on sale of subsidiary and subsidiaries held for sale(1,225)— — — — — — (1,225)
Earnings before income taxes
$2,779 $1,919 $546 $1,406 $— $3,871 $(985)$5,665 
Total assets$109,441 $93,858 $34,244 $56,058 $— $184,160 $(7,545)$286,056 
Purchases of property, equipment and capitalized software187 230 344 92 — 666 — 853 
Depreciation and Amortization221 277 316 206 — 799 — 1,020 
(a)     Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.
  Optum  
(in millions)UnitedHealthcareOptum HealthOptum InsightOptum RxOptum EliminationsOptumCorporate and
Eliminations		Consolidated
Six Months Ended June 30, 2025
Revenues - unaffiliated customers:
Premiums$164,532 $9,907 $— $— $— $9,907 $— $174,439 
Products— 130 88 26,382 — 26,600 — 26,600 
Services5,087 7,720 3,017 2,187 — 12,924 — 18,011 
Total revenues - unaffiliated customers
169,619 17,757 3,105 28,569 — 49,431 — 219,050 
Total revenues - affiliated customers
— 31,867 6,298 44,927 (2,453)80,639 (80,639)— 
Investment and other income
1,101 890 55 95 — 1,040 — 2,141 
Total revenues$170,720 $50,514 $9,458 $73,591 $(2,453)$131,110 $(80,639)$221,191 
Total operating costs (a)$163,419 $48,264 $7,499 $70,832 $(2,453)$124,142 $(80,639)$206,922 
Earnings from operations$7,301 $2,250 $1,959 $2,759 $— $6,968 $— $14,269 
Interest expense— — — — — — (2,025)(2,025)
Loss on sale of subsidiary and subsidiaries held for sale(56)— — — — — — (56)
Earnings before income taxes
$7,245 $2,250 $1,959 $2,759 $— $6,968 $(2,025)$12,188 
Total assets$129,587 $96,452 $33,716 $61,674 $— $191,842 $(12,856)$308,573 
Purchases of property, equipment and capitalized software389 585 627 183 — 1,395 — 1,784 
Depreciation and Amortization440 583 695 427 — 1,705 — 2,145 
Six Months Ended June 30, 2024
Revenues - unaffiliated customers:
Premiums$143,243 $11,642 $— $— $— $11,642 $— $154,885 
Products— 121 82 23,917 — 24,120 — 24,120 
Services4,917 8,053 3,107 1,561 — 12,721 — 17,638 
Total revenues - unaffiliated customers
148,160 19,816 3,189 25,478 — 48,483 — 196,643 
Total revenues - affiliated customers
— 33,193 5,801 37,654 (2,145)74,503 (74,503)— 
Investment and other income
1,063 772 55 118 — 945 — 2,008 
Total revenues$149,223 $53,781 $9,045 $63,250 $(2,145)$123,931 $(74,503)$198,651 
Total operating costs (a)$140,824 $49,963 $8,009 $60,697 $(2,145)$116,524 $(74,503)$182,845 
Earnings from operations$8,399 $3,818 $1,036 $2,553 $— $7,407 $— $15,806 
Interest expense— — — — — — (1,829)(1,829)
Loss on sale of subsidiary and subsidiaries held for sale(8,311)— — — — — — (8,311)
Earnings before income taxes
$88 $3,818 $1,036 $2,553 $— $7,407 $(1,829)$5,666 
Total assets$109,441 $93,858 $34,244 $56,058 $— $184,160 $(7,545)$286,056 
Purchases of property, equipment and capitalized software370 468 589 169 — 1,226 — 1,596 
Depreciation and Amortization456 549 626 386 — 1,561 — 2,017 
(a)     Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.