$UNH (+0,11%) | UnitedHealth Group Q3'24 Earnings Highlights:

🔹 Adjusted EPS: $7.15 (Est. $6.99) 🟢

🔹 Revenue: $100.82B (Est. $99.16B) 🟢; UP +9% YoY

🔹 Medical Care Ratio: 85.2% (Prev. Year: 82.3%; Est. 84.4%) 😕

Guidance:

🔹 Narrows FY24 Adj EPS Forecast to $27.50 - $27.75 (Prev: $27.50 - $28.00) 🟡

Q3 Segment Performance:

🔹 UnitedHealthcare Revenue: $74.9B (Est. $73.65B) 🟢; UP +7% YoY

🔹 Optum Revenue: $63.9B; UP +13% YoY

— Optum Health Revenue: $25.9B; UP +9% YoY

— Optum Rx Revenue: $34.2B; UP +18% YoY

Other Q3 Metrics:

🔹 Net Income: $6.06B

🔹 Earnings from Operations: $8.71B

🔹 Operating Cost Ratio: 13.2% (Previous Year: 15.0%)

🔹 Cash Flows from Operations: $14B

Operational Highlights:

🔸 Consumers served by UnitedHealthcare’s commercial domestic offerings grew by 2.4 million year-to-date.

🔸 Cash flows from operations were $14.0B, or 2.2 times net income.

🔸 UnitedHealthcare serves 9.4 million seniors and people with complex needs; 2025 Medicare Advantage plans will reach 96% of eligible beneficiaries.

CEO Andrew Witty's Commentary:

🔸 "Our continued growth, which positions us well for the coming years, is rooted in the innovative products and responsive service of our people that are embraced each day across the full range of health care participants."

Additional Insights:

🔸 Adjusted earnings per share include $0.12 in business disruption impacts and exclude $0.28 in direct response costs related to a cyberattack.

🔸 The company did not have any favorable earnings impacting medical reserve development in the quarter.

🔸 Days Claims Payable: 47.4, compared to 45.2 in Q2 2024 and 50.7 in Q3 2023.

🔸 Return on Equity: 26.3% in the quarter.