UnitedHealth Group said its outlook for 2025 calls for revenue of $450 billion to $455 billion, net earnings per share of $28.15 to $28.65, and adjusted net earnings per share of $29.50 to $30.00. It said adjusted net earnings exclude only the after-tax, non-cash amortization expense related to acquisition-related intangible assets.

1. 01

   UnitedHealth Group said its outlook for 2025 calls for revenue of $450 billion to $455 billion, net earnings per share of $28.15 to $28.65, and adjusted net earnings per share of $29.50 to $30.00. It said adjusted net earnings exclude only the after-tax, non-cash amortization expense related to acquisition-related intangible assets.

2. 02

   The company said it expects cash flows from operations for 2025 to be in the range of $32 billion to $33 billion.

3. 03

   The company said that, as presented in its Q3 earnings release, it expects net earnings per share for 2024 of $15.50 to $15.75 and adjusted net earnings per share of $27.50 to $27.75.

4. 04

   For 2024, UnitedHealth Group presented outlook adjustments for South American impacts of about $8,515 (about $9.15 per share) and direct response costs related to the cyberattack of about $2,000 (about $2.15 per share). The company said neither item is included in its 2025 outlook.

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Original filing

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