UNH - 8-K Analysis: UnitedHealth Group Delivers Robust Growth Amidst Healthcare Evolution | Benzinga
UnitedHealth Group Incorporated (NYSE: UNH), a leading health care and well-being company, has reported its full year and fourth quarter results for 2023, showcasing significant growth and financial resilience in a rapidly evolving healthcare landscape.
Revenue Growth The company's revenues saw a substantial increase, climbing to $371.6 billion, a 15% year-over-year growth. This surge was driven by double-digit growth across both its Optum and UnitedHealthcare divisions, underpinned by an increase in the number of people served and an expansion of services offered.
Margin Dynamics Despite the revenue uptick, UnitedHealth Group's net margin remained stable at 6.0% for the full year, slightly down from the previous year's 6.2%. The fourth quarter net margin held steady at 5.8%. The full year medical care ratio, which measures medical costs as a percentage of premiums, rose to 83.2% from 82% in the previous year, reflecting increased outpatient care costs, particularly for seniors.
Earnings Performance Earnings from operations grew by 14% to $32.4 billion for the year. Net earnings per share for the full year and fourth quarter ...