UnitedHealth Group said revenue for Q2 2024 rose about $6 billion to $98.9 billion, and earnings from operations were $7.9 billion, of which the company said $1.1 billion reflected the negative impact of the cyberattack. Its net margin was 4.3%.

1. 01

   UnitedHealth Group said revenue for Q2 2024 rose about $6 billion to $98.9 billion, and earnings from operations were $7.9 billion, of which the company said $1.1 billion reflected the negative impact of the cyberattack. Its net margin was 4.3%.

2. 02

   The company said cyberattack impacts for Q2 were $0.92 per share, consisting of direct response costs of $0.64 per share and business disruption impacts of $0.28 per share. It estimated total full-year impacts at $1.90 to $2.05 per share.

3. 03

   The company said it updated its full-year 2024 net earnings outlook to $15.95 to $16.40 per share. It reaffirmed its adjusted net earnings outlook of $27.50 to $28.00 per share.

4. 04

   UnitedHealth Group said cash flows from operating activities for Q2 were $6.7 billion, or 1.5 times net earnings. It said it had provided more than $9 billion to care providers through advance funding and interest-free loans. Cash flows from operating activities for the 6 months to date were $7,890 million.

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Original filing

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