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Unitedhealth Group Inc (UNH) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

UnitedHealth Group Inc

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CIK: 731766 Ticker: UNH

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(For Immediate Release)

UNITEDHEALTH GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS

•Full Year Revenues of $257.1 Billion Grew $15.0 Billion or 6%, led by 21% at Optum
•Full Year and Fourth Quarter Net Earnings Per Share of $16.03 and $2.30
•Full Year and Fourth Quarter Adjusted Net Earnings Per Share of $16.88 and $2.52
•Results Reflect COVID-19 Impacts and Related Assistance Initiatives

MINNETONKA, Minn. (January 20, 2021) – Fundamental execution was strong across UnitedHealth Group (NYSE: UNH) in the fourth quarter and throughout the full year 2020, led by Optum and by UnitedHealthcare’s community and senior benefit businesses, even as the Company delivered expansive voluntary relief efforts for consumers, care providers and customers across the health system.

“I couldn’t be prouder of the more than 325,000 women and men of this enterprise for their role in advancing a higher performing health system during these times of unprecedented challenges” said David S. Wichmann, chief executive officer of UnitedHealth Group. “We are grateful for the human spirit and resolve of our people, including our 125,000 clinicians who, with other frontline health care workers, demonstrated extraordinary collaboration, compassion and innovation.”

The full year and fourth quarter results reflect continued strong performance, impacted by COVID-19 care costs, continued voluntary consumer and customer assistance initiatives and other pandemic-related factors. As expected, fourth quarter net earnings of $2.30 per share and adjusted earnings of $2.52 per share declined as care patterns normalized, while COVID-19 costs rose, and further rebate effects were recognized. The 2020 results were consistent with the outlook provided by the Company at its December 1st, 2020 Investor Conference.

The Company affirmed its recently issued full year earnings outlook for 2021, including net earnings of $16.90 to $17.40 per share and adjusted net earnings of $17.75 to $18.25 per share. As previously discussed, this outlook includes approximately $1.80 per share in potential net unfavorable impact to accommodate continuing COVID-19 effects, such as: testing and treatment costs; the residual impact of people deferring care in 2020; and unemployment and other economy-driven factors.
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The following information was filed by UnitedHealth Group Inc (UNH) on Wednesday, January 20, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside UnitedHealth Group Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Document
Consolidated Balance Sheet (Parenthetical)
Consolidated Balance Sheets
Consolidated Statement Of Changes In Equity (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies (Details)
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies (Notes)
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies (Policies)
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies (Tables)
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies Redeemable Noncontrolling Interests (Details)
Basis Of Presentation, Uses Of Estimates And Significant Accounting Policies Useful Lives For Property, Equipment And Capitalized Software (Details)
Business Combinations (Narrative) (Details)
Business Combinations Acquired Assets And Liabilities (Details)
Business Combinations Business Combinations (Notes)
Business Combinations Business Combinations (Tables)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Notes)
Commitments And Contingencies (Tables)
Commitments And Contingencies Future Lease Payments (Details)
Description Of Business (Notes)
Fair Value (Financial Assets And Liabilities, Measured At Fair Value On A Recurring Basis) (Details)
Fair Value (Financial Assets And Liabilities, Not Measured At Fair Value On A Recurring Basis) (Details)
Fair Value (Narrative) (Details)
Fair Value (Notes)
Fair Value (Tables)
Fair Value Fair Value (Policies)
Goodwill And Intangible Assets (Narrative) (Details)
Goodwill And Intangible Assets (Notes)
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets Amortization Expense Relating To Intangible Assets (Details)
Goodwill And Intangible Assets Changes In The Carrying Amount Of Goodwill By Reporting Segment (Details)
Goodwill And Intangible Assets Gross Carrying Value, Accumulated Amortization And Net Carrying Value Of Intangible Assets (Details)
Goodwill And Intangible Assets Weighted-Average Useful Lives Assigned To Finite-Lived Intangible Assets Acquired In Business Combinations (Details)
Income Tax Reconciliation Of The Tax Provision At The U.S. Federal Statutory Rate (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Notes)
Income Taxes (Tables)
Income Taxes Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes Reconciliation Of Provision For Income Taxes (Details)
Income Taxes Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits (Details)
Investments (Amortized Cost And Fair Value Of Available-For-Sale Debt Securities By Contractual Maturity) (Details)
Investments (Fair Value Of Available-For-Sale Investments With Gross Unrealized Losses By Investment Type And Length Of Time That Individual Securities Have Been In A Continuous Unrealized Loss Position) (Details)
Investments (Narrative) (Details)
Investments (Notes)
Investments (Short-Term And Long-Term Investments) (Details)
Investments (Tables)
Medical Costs Payable (Narrative) (Details)
Medical Costs Payable (Notes)
Medical Costs Payable (Tables)
Medical Costs Payable Rollforward (Details)
Medical Costs Payable, Incurred And Paid Medical Cost Development (Details)
Property, Plant, And Capitalized Software (Narrative) (Details)
Property, Plant, And Capitalized Software (Notes)
Property, Plant, And Capitalized Software (Tables)
Property, Plant, And Capitalized Software Property Plant And Equipment Table (Details)
Schedule I (Details)
Schedule I (Notes)
Schedule I (Policies)
Schedule I (Tables)
Schedule I Balance Sheet Document (Details)
Schedule I Condensed Balance Sheets (Details)
Schedule I Condensed Statement Of Comprehensive Income (Details)
Schedule I Maturities Of Short-Term Borrowings And Long-Term Debt (Details)
Schedule I Statement Of Cash Flows (Details)
Segment Financial Information (Details)
Segment Financial Information (Narrative) (Details)
Segment Financial Information (Notes)
Segment Financial Information (Tables)
Share-Based Compensation (Narrative) (Details)
Share-Based Compensation (Notes)
Share-Based Compensation (Restricted Share Activity) (Details)
Share-Based Compensation (Share-Based Compensation Principal Fair Value Assumptions) (Details)
Share-Based Compensation (Stock Option Activity) (Details)
Share-Based Compensation (Tables)
Share-Based Compensation Other Share-Based Compensation Data (Details)
Shareholders' Equity (Narrative) (Details)
Shareholders' Equity (Notes)
Shareholders' Equity (Tables)
Shareholders' Equity Dividends (Details)
Shareholders' Equity Share Repurchases (Details)
Short-Term Borrowings And Long-Term Debt (Details)
Short-Term Borrowings And Long-Term Debt (Narrative) (Details)
Short-Term Borrowings And Long-Term Debt (Notes)
Short-Term Borrowings And Long-Term Debt (Tables)
Short-Term Borrowings And Long-Term Debt Maturities Of Commercial Paper And Long-Term Debt (Details)
Ticker: UNH
CIK: 731766
Form Type: 10-K Annual Report
Accession Number: 0000731766-21-000013
Submitted to the SEC: Mon Mar 01 2021 4:02:27 PM EST
Accepted by the SEC: Mon Mar 01 2021
Period: Thursday, December 31, 2020
Industry: Hospital And Medical Service Plans

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