
			Optum
(in millions)	UnitedHealthcare		Optum Health		Optum Insight		Optum Rx		Optum Eliminations		Optum		Corporate 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
Services	2,511		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 software	193		306		289		98		—		693		—		886
Depreciation and Amortization	221		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
Services	2,388		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 software	187		230		344		92		—		666		—		853
Depreciation and Amortization	221		277		316		206		—		799		—		1,020


			Optum
(in millions)	UnitedHealthcare		Optum Health		Optum Insight		Optum Rx		Optum Eliminations		Optum		Corporate 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
Services	5,087		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 software	389		585		627		183		—		1,395		—		1,784
Depreciation and Amortization	440		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
Services	4,917		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 software	370		468		589		169		—		1,226		—		1,596
Depreciation and Amortization	456		549		626		386		—		1,561		—		2,017