v3.26.1
Segment Financial Information (Notes)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting 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 1, “Business” and Note 14 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2025 10-K.
2026 Business Realignment
On January 1, 2026, the Company realigned certain businesses to respond to changes in the markets it serves and the opportunities that are emerging as the health system evolves. Optum Financial, including Optum Bank, which was historically included in Optum Health is now included in Optum Insight. The Company’s reportable segments remain unchanged, with prior period segment financial information recast to conform to the 2026 presentation.
The following tables present reportable segment financial information:
Optum
(in millions)UnitedHealthcareOptum
 Health (b)		Optum
Insight (b)		Optum
Rx		Optum Eliminations (b)OptumCorporate and
Eliminations		Consolidated
Three Months Ended June 30, 2026
Revenues - unaffiliated customers:
Premiums$82,613 $4,343 $— $— $— $4,343 $— $86,956 
Products— 62 45 13,728 — 13,835 — 13,835 
Services2,754 4,474 1,517 1,273 — 7,264 — 10,018 
Total revenues - unaffiliated customers85,367 8,879 1,562 15,001 — 25,442 — 110,809 
Total revenues - affiliated customers— 14,353 3,556 23,242 (1,503)39,648 (39,648)— 
Investment and other income650 240 284 49 — 573 — 1,223 
Total revenues$86,017 $23,472 $5,402 $38,292 $(1,503)$65,663 $(39,648)$112,032 
Total operating costs (a)$82,075 $22,282 $4,033 $36,802 $(1,503)$61,614 $(39,648)$104,041 
Earnings from operations$3,942 $1,190 $1,369 $1,490 $— $4,049 $— $7,991 
Interest expense— — — — — — (962)(962)
Loss on sale of subsidiary and subsidiaries held for sale(61)— — — — — — (61)
Earnings before income taxes$3,881 $1,190 $1,369 $1,490 $— $4,049 $(962)$6,968 
Total assets$125,495 $72,716 $62,875 $59,656 $(475)$194,772 $(10,540)$309,727 
Purchases of property, equipment and capitalized software207 210 291 91 — 592 — 799 
Depreciation and Amortization176 260 414 190 — 864 — 1,040 
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 3,689 1,673 1,166 — 6,528 — 9,039 
Total revenues - unaffiliated customers85,530 8,640 1,717 14,621 — 24,978 — 110,508 
Total revenues - affiliated customers— 15,845 3,268 23,790 (1,191)41,712 (41,712)— 
Investment and other income573 240 247 48 — 535 — 1,108 
Total revenues$86,103 $24,725 $5,232 $38,459 $(1,191)$67,225 $(41,712)$111,616 
Total operating costs (a)$84,028 $24,296 $4,027 $37,018 $(1,191)$64,150 $(41,712)$106,466 
Earnings from operations$2,075 $429 $1,205 $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 $429 $1,205 $1,441 $— $3,075 $(1,027)$4,082 
Total assets$129,587 $69,810 $60,358 $61,674 $— $191,842 $(12,856)$308,573 
Purchases of property, equipment and capitalized software193 292 303 98 — 693 — 886 
Depreciation and Amortization221 262 385 216 — 863 — 1,084 
(a)Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.
(b)Prior period amounts have been recast to reflect the realignment of Optum Financial.
Optum
(in millions)UnitedHealthcareOptum
 Health (b)		Optum
Insight (b)		Optum
Rx		Optum Eliminations (b)OptumCorporate and
Eliminations		Consolidated
Six Months Ended June 30, 2026
Revenues - unaffiliated customers:
Premiums$165,599 $8,918 $— $— $— $8,918 $— $174,517 
Products— 119 90 26,876 — 27,085 — 27,085 
Services5,529 8,709 3,137 2,422 — 14,268 — 19,797 
Total revenues - unaffiliated customers171,128 17,746 3,227 29,298 — 50,271 — 221,399 
Total revenues - affiliated customers— 29,351 6,674 44,640 (2,724)77,941 (77,941)— 
Investment and other income1,154 484 626 90 — 1,200 — 2,354 
Total revenues$172,282 $47,581 $10,527 $74,028 $(2,724)$129,412 $(77,941)$223,753 
Total operating costs (a)$162,646 $45,250 $8,195 $71,346 $(2,724)$122,067 $(77,941)$206,772 
Earnings from operations$9,636 $2,331 $2,332 $2,682 $— $7,345 $— $16,981 
Interest expense— — — — — — (1,917)(1,917)
Loss on sale of subsidiary and subsidiaries held for sale(133)— — — — — — (133)
Earnings before income taxes$9,503 $2,331 $2,332 $2,682 $— $7,345 $(1,917)$14,931 
Total assets$125,495 $72,716 $62,875 $59,656 $(475)$194,772 $(10,540)$309,727 
Purchases of property, equipment and capitalized software411 394 597 160 — 1,151 — 1,562 
Depreciation and Amortization394 506 806 363 — 1,675 — 2,069 
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 7,405 3,332 2,187 — 12,924 — 18,011 
Total revenues - unaffiliated customers169,619 17,442 3,420 28,569 — 49,431 — 219,050 
Total revenues - affiliated customers— 31,655 6,359 44,927 (2,302)80,639 (80,639)— 
Investment and other income1,101 465 480 95 — 1,040 — 2,141 
Total revenues$170,720 $49,562 $10,259 $73,591 $(2,302)$131,110 $(80,639)$221,191 
Total operating costs (a)$163,419 $47,722 $7,890 $70,832 $(2,302)$124,142 $(80,639)$206,922 
Earnings from operations$7,301 $1,840 $2,369 $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 $1,840 $2,369 $2,759 $— $6,968 $(2,025)$12,188 
Total assets$129,587 $69,810 $60,358 $61,674 $— $191,842 $(12,856)$308,573 
Purchases of property, equipment and capitalized software389 556 656 183 — 1,395 — 1,784 
Depreciation and Amortization440 517 761 427 — 1,705 — 2,145 
(a)Total operating costs include medical costs, operating costs, cost of products sold and depreciation and amortization, as applicable for each reportable segment.
(b)Prior period amounts have been recast to reflect the realignment of Optum Financial.