1/13, 11:58 AM (Source: TeleTrader)
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UnitedHealth's full year revenue up 13% to $324 billion

UnitedHealth Group reported on Friday its revenue for the fourth quarter of 2022 came in at $82.79 billion, slightly above the expected $82.47 billion. Meanwhile, the company's revenue for 2022 was $324.2 billion, up 13% year-on-year, with double-digit growth at Optum and UnitedHealthcare.

At the same time, the company stated that earnings from operations stood at $6.9 billion for 4Q and $28.4 billion for 2022. Moreover, full-year and Q4 net earnings were $21.18 and $5.03 per share. The health and well-being company declared cash flows from operations amounted to $26.2 billion for the entire year, or 1.3 times net income.

"We expect the efforts by the people of our company that led to strong performance in 2022 will define 2023 as well, especially delivering balanced growth enterprise-wide, improving support for consumers and care providers, and investing to make high-quality care simpler, more accessible, and affordable for everyone," said Andrew Witty, chief executive officer of UnitedHealth Group.

After the report's publication, at 6:10 am ET, UnitedHealthGroup's shares rose by 0.73% to $499.30.

Baha Breaking News (BBN) / JG