Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

UnitedHealth Group Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums	308,810)	290,827)	257,157)	226,233)	201,478)
Products	50,226)	42,583)	37,424)	34,437)	34,145)
Services	36,040)	34,123)	27,551)	24,603)	20,016)
Revenues, customers	395,076)	367,533)	322,132)	285,273)	255,639)
Medical costs	(264,185)	(241,894)	(210,842)	(186,911)	(159,396)
Cost of products sold	(46,694)	(38,770)	(33,703)	(31,034)	(30,745)
Cost of revenues	(310,879)	(280,664)	(244,545)	(217,945)	(190,141)
Gross profit	84,197)	86,869)	77,587)	67,328)	65,498)
Investment and other income	5,202)	4,089)	2,030)	2,324)	1,502)
Operating costs	(53,013)	(54,628)	(47,782)	(42,579)	(41,704)
Depreciation and amortization	(4,099)	(3,972)	(3,400)	(3,103)	(2,891)
Earnings from operations	32,287)	32,358)	28,435)	23,970)	22,405)
Interest expense	(3,906)	(3,246)	(2,092)	(1,660)	(1,663)
Loss on sale of subsidiary and subsidiaries held for sale	(8,310)	—)	—)	—)	—)
Earnings before income taxes	20,071)	29,112)	26,343)	22,310)	20,742)
Provision for income taxes	(4,829)	(5,968)	(5,704)	(4,578)	(4,973)
Net earnings	15,242)	23,144)	20,639)	17,732)	15,769)
Earnings attributable to noncontrolling interests	(837)	(763)	(519)	(447)	(366)
Net earnings attributable to UnitedHealth Group common shareholders	14,405)	22,381)	20,120)	17,285)	15,403)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Income statement item	Description	The company
Revenues, customers	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	UnitedHealth Group Inc. revenues, customers increased from 2022 to 2023 and from 2023 to 2024.
Earnings from operations	The net result for the period of deducting operating expenses from operating revenues.	UnitedHealth Group Inc. earnings from operations increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	UnitedHealth Group Inc. earnings before income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net earnings attributable to UnitedHealth Group common shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	UnitedHealth Group Inc. net earnings attributable to UnitedHealth Group common shareholders increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

UnitedHealth Group Inc. (NYSE:UNH)

Income Statement