UnitedHealth Group Incorporated (UNH) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the UnitedHealth Group Incorporated (UNH) Q4 2023 Earnings Call Transcript: Financial Performance: UnitedHealth reported 2023 revenue of $372 billion, a growth of over 14% with double-digit growth achieved by both Optum and UnitedHealthcare. Fourth quarter adjusted earnings per share of $6.16 grew 15%, leading to a 13% growth in the full-year adjusted earnings per share, which reached $25.12. Due to the sale of Brazil operations, the company expects to record a charge of approximately $7 billion, primarily stemming from non-cash foreign currency translation losses. The cash flow from operations in 2023 reached $29 billion or 1.3 times the net income. The company returned nearly $15 billion to shareholders through share repurchase and dividends and set aside over $10 billion in growth capital for future development. Business Progress: UnitedHealth added 900,000 new members to value-based care arrangements, bringing the total count to over 4.1 million. […]
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