UnitedHealth Group Q3 2025 Earnings Release

UnitedHealth Group reported its third quarter 2025 results, showing a 12% year-over-year increase in revenues to $113.2 billion. The company announced earnings of $2.59 per share and adjusted earnings of $2.92 per share. Cash flows from operations were $5.9 billion, or 2.3 times net income. UnitedHealth Group raised its full-year 2025 earnings outlook to at least $14.90 per share and adjusted earnings to at least $16.25 per share. The company highlighted strong performance in its UnitedHealthcare and Optum businesses, with UnitedHealthcare revenues growing 16% to $87.1 billion and Optum revenues increasing 8% to $69.2 billion. The medical care ratio (MCR) was 89.9%, in line with expectations. The company also noted the impact of Medicare funding reductions and changes to the Part D program from the Inflation Reduction Act.