Return on Equity (ROE)
since 2005
Calculation
UnitedHealth Group Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings attributable to UnitedHealth Group common shareholders1 | ÷ | Shareholders’ equity attributable to UnitedHealth Group1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.22% | = | 100 | × | 22,381) | ÷ | 88,756) |
| Dec 31, 2022 | 25.87% | = | 100 | × | 20,120) | ÷ | 77,772) |
| Dec 31, 2021 | 24.09% | = | 100 | × | 17,285) | ÷ | 71,760) |
| Dec 31, 2020 | 23.52% | = | 100 | × | 15,403) | ÷ | 65,491) |
| Dec 31, 2019 | 24.02% | = | 100 | × | 13,839) | ÷ | 57,616) |
| Dec 31, 2018 | 23.19% | = | 100 | × | 11,986) | ÷ | 51,696) |
| Dec 31, 2017 | 22.10% | = | 100 | × | 10,558) | ÷ | 47,776) |
| Dec 31, 2016 | 18.33% | = | 100 | × | 7,017) | ÷ | 38,274) |
| Dec 31, 2015 | 17.18% | = | 100 | × | 5,813) | ÷ | 33,830) |
| Dec 31, 2014 | 17.31% | = | 100 | × | 5,619) | ÷ | 32,454) |
| Dec 31, 2013 | 17.50% | = | 100 | × | 5,625) | ÷ | 32,149) |
| Dec 31, 2012 | 17.72% | = | 100 | × | 5,526) | ÷ | 31,178) |
| Dec 31, 2011 | 18.17% | = | 100 | × | 5,142) | ÷ | 28,292) |
| Dec 31, 2010 | 17.94% | = | 100 | × | 4,634) | ÷ | 25,825) |
| Dec 31, 2009 | 16.19% | = | 100 | × | 3,822) | ÷ | 23,606) |
| Dec 31, 2008 | 14.33% | = | 100 | × | 2,977) | ÷ | 20,780) |
| Dec 31, 2007 | 23.20% | = | 100 | × | 4,654) | ÷ | 20,063) |
| Dec 31, 2006 | 19.99% | = | 100 | × | 4,159) | ÷ | 20,810) |
| Dec 31, 2005 | 18.61% | = | 100 | × | 3,300) | ÷ | 17,733) |
Based on: 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
UnitedHealth Group Inc., ROE, long-term trends, comparison to competitors
| UnitedHealth Group Inc. | Abbott Laboratories | Cigna Group | CVS Health Corp. | Elevance Health Inc. | Humana Inc. | Intuitive Surgical Inc. | Medtronic PLC | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.22% | 14.83% | 11.17% | 10.91% | 15.23% | 15.31% | 13.51% | 7.30% |
| Dec 31, 2022 | 25.87% | 18.90% | 14.86% | 5.84% | 16.59% | 18.33% | 11.98% | 9.59% |
| Dec 31, 2021 | 24.09% | 19.75% | 11.39% | 10.54% | 16.93% | 18.24% | 14.32% | 7.01% |
| Dec 31, 2020 | 23.52% | 13.71% | 16.81% | 10.35% | 13.77% | 24.53% | 10.90% | 9.44% |
| Dec 31, 2019 | 24.02% | 11.86% | 11.26% | 10.39% | 15.15% | 22.49% | 16.69% | 9.25% |
| Dec 31, 2018 | 23.19% | 7.76% | 6.43% | -1.02% | 13.14% | 16.56% | 16.89% | 6.12% |
| Dec 31, 2017 | 22.10% | 1.54% | 16.32% | 17.57% | 14.50% | 24.87% | 13.97% | 8.01% |
| Dec 31, 2016 | 18.33% | 6.82% | 13.60% | 14.44% | 9.84% | 5.75% | 12.74% | 6.80% |
| Dec 31, 2015 | 17.18% | 20.85% | 17.40% | 14.08% | 11.11% | 12.33% | 13.63% | 5.03% |
| Dec 31, 2014 | 17.31% | 10.61% | 19.51% | 12.23% | 10.60% | 11.89% | 12.39% | 15.76% |
| Dec 31, 2013 | 17.50% | 10.23% | 13.97% | 12.10% | 10.05% | 13.21% | 19.16% | 18.57% |
| Dec 31, 2012 | 17.72% | 22.32% | 16.61% | 10.28% | 11.16% | 13.81% | 18.34% | 21.14% |
| Dec 31, 2011 | 18.17% | 19.35% | 15.90% | 9.10% | 11.36% | 17.60% | 18.71% | 19.39% |
| Dec 31, 2010 | 17.94% | 20.66% | 20.24% | 9.09% | 12.12% | 15.88% | 18.74% | 21.18% |
| Dec 31, 2009 | 16.19% | 25.14% | 24.04% | 10.33% | 19.09% | 18.00% | 15.13% | 16.88% |
| Dec 31, 2008 | 14.33% | 27.92% | 8.13% | 9.29% | 11.62% | 14.52% | 16.13% | 19.34% |
| Dec 31, 2007 | 23.20% | 20.28% | 23.48% | 8.42% | 14.55% | 20.69% | 16.26% | 25.53% |
| Dec 31, 2006 | 19.99% | 12.22% | 26.67% | 13.80% | 12.59% | 15.96% | 12.22% | 27.14% |
| Dec 31, 2005 | 18.61% | 23.39% | 30.32% | 14.70% | 9.86% | 12.47% | 21.27% | 17.26% |
Based on: 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
UnitedHealth Group Inc., ROE, long-term trends, comparison to sector (health care equipment & services)
| UnitedHealth Group Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 25.22% | 15.02% |
| Dec 31, 2022 | 25.87% | 15.36% |
| Dec 31, 2021 | 24.09% | 15.06% |
| Dec 31, 2020 | 23.52% | 15.16% |
| Dec 31, 2019 | 24.02% | 14.26% |
| Dec 31, 2018 | 23.19% | 9.39% |
| Dec 31, 2017 | 22.10% | 13.94% |
| Dec 31, 2016 | 18.33% | 11.31% |
| Dec 31, 2015 | 17.18% | 12.64% |
| Dec 31, 2014 | 17.31% | 13.70% |
| Dec 31, 2013 | 17.50% | 13.65% |
| Dec 31, 2012 | 17.72% | 15.84% |
| Dec 31, 2011 | 18.17% | 14.97% |
| Dec 31, 2010 | 17.94% | 15.36% |
| Dec 31, 2009 | 16.19% | 17.15% |
| Dec 31, 2008 | 14.33% | 14.71% |
| Dec 31, 2007 | 23.20% | 16.97% |
| Dec 31, 2006 | 19.99% | 16.84% |
| Dec 31, 2005 | 18.61% | 16.86% |
Based on: 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
UnitedHealth Group Inc., ROE, long-term trends, comparison to industry (health care)
| UnitedHealth Group Inc. | Health Care | |
|---|---|---|
| Dec 31, 2023 | 25.22% | 17.95% |
| Dec 31, 2022 | 25.87% | 22.36% |
| Dec 31, 2021 | 24.09% | 22.87% |
| Dec 31, 2020 | 23.52% | 16.00% |
| Dec 31, 2019 | 24.02% | 21.03% |
| Dec 31, 2018 | 23.19% | 17.45% |
| Dec 31, 2017 | 22.10% | 14.32% |
| Dec 31, 2016 | 18.33% | 17.89% |
| Dec 31, 2015 | 17.18% | 18.18% |
| Dec 31, 2014 | 17.31% | 18.66% |
| Dec 31, 2013 | 17.50% | 18.20% |
| Dec 31, 2012 | 17.72% | 17.48% |
| Dec 31, 2011 | 18.17% | 15.35% |
| Dec 31, 2010 | 17.94% | 14.63% |
| Dec 31, 2009 | 16.19% | 19.52% |
| Dec 31, 2008 | 14.33% | 18.97% |
| Dec 31, 2007 | 23.20% | 17.18% |
| Dec 31, 2006 | 19.99% | 20.41% |
| Dec 31, 2005 | 18.61% | 18.45% |
Based on: 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).