Summary by Moomoo AI
UnitedHealth Group, a leading health care and well-being company, reported a robust financial performance for the year ended December 31, 2023. The company saw a 15% increase in consolidated revenues, reaching $371.622 billion, driven by growth in Medicare Advantage and Medicaid, as well as across its Optum businesses. UnitedHealthcare's revenues rose by 13%, while Optum's revenues grew by 24%. The company's earnings from operations also increased by 14%, with UnitedHealthcare and Optum contributing equally to this growth. Diluted earnings per share for UnitedHealth Group shareholders increased by 13% to $23.86. The company's medical care ratio (MCR) increased slightly to 83.2%, reflecting elevated care activity, particularly outpatient care for seniors. UnitedHealth Group's operating cost ratio remained consistent at 14.7%, and the return on equity was a...Show More
