| Segment Reporting |
The following tables present reportable segment financial information: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Optum | | | | | | (in millions) | | UnitedHealthcare | | Optum Health (b) | | Optum Insight (b) | | Optum Rx | | Optum Eliminations (b) | | Optum | | Corporate 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 | | | Services | | 2,754 | | | 4,474 | | | 1,517 | | | 1,273 | | | — | | | 7,264 | | | — | | | 10,018 | | | Total revenues - unaffiliated customers | | 85,367 | | | 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 income | | 650 | | | 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 software | | 207 | | | 210 | | | 291 | | | 91 | | | — | | | 592 | | | — | | | 799 | | | Depreciation and Amortization | | 176 | | | 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 | | | Services | | 2,511 | | | 3,689 | | | 1,673 | | | 1,166 | | | — | | | 6,528 | | | — | | | 9,039 | | | Total revenues - unaffiliated customers | | 85,530 | | | 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 income | | 573 | | | 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 software | | 193 | | | 292 | | | 303 | | | 98 | | | — | | | 693 | | | — | | | 886 | | | Depreciation and Amortization | | 221 | | | 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) | | UnitedHealthcare | | Optum Health (b) | | Optum Insight (b) | | Optum Rx | | Optum Eliminations (b) | | Optum | | Corporate 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 | | | Services | | 5,529 | | | 8,709 | | | 3,137 | | | 2,422 | | | — | | | 14,268 | | | — | | | 19,797 | | | Total revenues - unaffiliated customers | | 171,128 | | | 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 income | | 1,154 | | | 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 software | | 411 | | | 394 | | | 597 | | | 160 | | | — | | | 1,151 | | | — | | | 1,562 | | | Depreciation and Amortization | | 394 | | | 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 | | | Services | | 5,087 | | | 7,405 | | | 3,332 | | | 2,187 | | | — | | | 12,924 | | | — | | | 18,011 | | | Total revenues - unaffiliated customers | | 169,619 | | | 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 income | | 1,101 | | | 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 software | | 389 | | | 556 | | | 656 | | | 183 | | | — | | | 1,395 | | | — | | | 1,784 | | | Depreciation and Amortization | | 440 | | | 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.
|