Earnings release
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NEWS RELEASE ( For Immediate Release ) • UNITEDHEALTH GROUP® UNITEDHEALTH GROUP REPORTS FIRST QUARTER PERFORMANCE Revenues of $ 70.2 Billion Grew 9 % , led by Balanced Growth at Optum and UnitedHealthcare • Earnings from Operations Grew 35 % to $ 6.7 Billion • Cash Flows from Operations were $ 6.0 Billion or 1.2x Net Income • Net Earnings were $ 5.08 Per Share and Adjusted Earnings were $ 5.31 Per Share - MINNETONKA , Minn . ( April 15 , 2021 ) – Strong , well - diversified business performance contributed to growth across UnitedHealth Group ( NYSE : UNH ) in the first quarter 2021 , even as the Company continued to support consumers , customers and the broader health system in the pandemic response . " The unique combined capabilities of Optum and UnitedHealthcare and the unwavering commitment of our people continue to help advance the way care is delivered , improving results for those we serve and shareholders , ” said Andrew Witty , chief executive officer of UnitedHealth Group . Based upon initial 2021 business performance trends , the Company increased its full year net earnings outlook to $ 17.15 to $ 17.65 per share and adjusted earnings to $ 18.10 to $ 18.60 per share . This outlook continues to include 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 having deferred care in 2020 ; and unemployment and other economy - driven factors . COVID - 19 treatment and testing during the quarter was higher than expected , paired with higher elective care deferral patterns . UnitedHealth Group is focused on encouraging and helping people to obtain the care they need , including vaccinations , and expects a continued rise in provision of care as the year progresses . The Company has provided support to ensure continued stability of the health system in response to the pandemic . For more information about UnitedHealth Group's response to COVID - 19 , go to https://www.unitedhealthgroup.com/newsroom/addressing-covid.html . Page 1 of 6