Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·UNH
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NYSE·UNH
UnitedHealth Group Incorporated
Share price$396.27Price as of: Nov 9, 2026
UnitedHealth Group Incorporated (UNH) is a company listed on NYSE, classified under Medical - Healthcare Plans.
UnitedHealth Group operates primarily as a health insurer with a core Premiums division and other lines in products, services, and pharmacy management.
Revenue · FY 2025
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Sales generated during the period, before costs and expenses.
Net margin · FY 2025
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,79 come from Premiums.
Premiums is its largest source of revenue (78.7%), followed by Products (11.9%). Here you will see what it sells, where, and how that mix is changing.
$448bnrevenue in FY 2025
4business lines with data
4business lines with data
Full fiscal year ended Dec 31, 2025
After that close
Q3 2026, ended Sep 30, 2026: total revenue −0.4% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2025
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
No room for a label in the mosaic
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
Geographic breakdown not available
Our data provider does not have a breakdown of revenue by country or region for this company. This does not necessarily mean that the company does not publish this information.
04How the mix is changing
The mix barely changes.
Weight of each part in 2024 and in 2025. A line gains weight when it grows faster than the total.
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
The business relies overwhelmingly on Premiums, which makes up 78.7% of revenue in FY 2025, far surpassing the combined weight of all other lines.
That Premiums drove most of the growth, or that one line offset another: without FY 2025 growth by line, contributions and compensations cannot be determined.
02
Even with Premiums dominating, net margin dropped from 3.6% to 2.7% in FY 2025, meaning every dollar of revenue brought in less profit.
That the margin decline was tied to a particular line or offset by another: margins by line are not provided, only the consolidated figure.
Our take
Premiums is both the main engine and risk for the business, with overall margin falling despite revenue growth.
- 01Shown by the figures
Premiums dominates and shapes the business
In FY 2025, Premiums accounted for over three times the combined weight of Products, Services, and Investment and other income. The other lines have limited ability to influence total results unless they change extremely. While overall revenue grew that year, it's not possible to tell which line drove that or whether any line offset another.
What is not proven
Which line contributed most to growth and which, if any, offset declines? Without revenue growth by line, the internal dynamic can't be established.
See the calculations behind it
- Premiums weighs more than all the other lines together: 78.7% of revenue in FY 2025.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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