HealthLeaders Media April 15, 2021
These were the first financial results released under new UnitedHealth CEO Andrew Witty, who took over in February.
UnitedHealth Group reported quarterly revenues of $70.2 billion in Q1 2021, a 9% year-over-year increase driven by sustained growth through Optum and UnitedHealthcare, according to the company’s latest earnings report released Thursday morning.
UnitedHealth recorded growth across several key financial metrics, including earnings from operations of $6.7 billion, marking a 35% year-over-year increase, cash flows from operations of $6 billion, and a net margin of 6.9%.
The Minnetonka, Minnesota–based insurer benefited from the continued strong performance of its subsidiaries.
Optum produced revenues of $36.4 billion and earnings from operations of $2.6 billion, along with an operating margin of 7.6%. By the...
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