UnitedHealth said it incurred direct response costs of $593 million related to the Change Healthcare cyberattack in Q1 2024 (3 months), and that Optum Insight's estimated business disruption impact was $279 million.

1. 01

   UnitedHealth said it incurred direct response costs of $593 million related to the Change Healthcare cyberattack in Q1 2024 (3 months), and that Optum Insight's estimated business disruption impact was $279 million.

2. 02

   The company said consolidated earnings from operations for Q1 2024 were $7.9 billion, down from $8.1 billion a year earlier, and diluted loss per share was $1.53. It cited the Change Healthcare cyberattack and the loss on the sale of its Brazil operations as factors.

3. 03

   UnitedHealth said it completed the sale of its Brazil operations on February 6, 2024 and recognized a loss of $7.1 billion over 3 months. Of this, $4.1 billion related to cumulative foreign currency translation losses, and the loss is not deductible for tax purposes.

4. 04

   The company said cash flow from operating activities was $1.1 billion for Q1 2024 (3 months). It said interest-free loans and funding to care providers were approximately $3.9 billion through March 31, 2024, and rose to more than $6.5 billion by April 30.

Key figures

Quarter ended March 31, 2024

Revenue

$99.8B

Operating income

$7.9B

Net income

−$1.4B

EPS

−$1.53

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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