UnitedHealth Group (NYSE: UNH), a leading healthcare and well-being company, reported its fourth-quarter and full-year 2024 financial results, highlighting a rise in revenues and profits. In 2024, UnitedHealth Group achieved revenues of $400.3 billion, reflecting an 8% increase from $371.6 billion in 2023.

The company’s fourth-quarter revenue was $100.8 billion, compared to $94.4 billion in the same quarter of 2023. Earnings from operations for the full year were recorded at $32.3 billion, while adjusted earnings from operations, excluding cybersecurity-related costs, totaled $34.4 billion. The net earnings for the fourth quarter of 2024 were $5.54 billion, translating to $5.98 per share, and adjusted net earnings were $6.81 per share.

The full year operating cost ratio improved to 13.2%, compared to 14.7% in 2023. The company’s net margin for the full year was 3.6%, while the adjusted net margin stood at 6.1%. Cash flows from operations were reported at $24.2 billion, equating to 1.6 times net income.

UnitedHealthcare, the company’s largest business segment, generated full-year revenues of $298.2 billion, up from $281.4 billion in 2023, representing a 6% increase. The operating earnings for UnitedHealthcare were $15.6 billion, with operating margins at 5.2%.

Optum, UnitedHealth Group’s health services business, generated revenues of $253 billion in 2024, a 12% year-over-year increase from $226.6 billion in 2023. Operating earnings from Optum were $16.7 billion, with an operating margin of 6.6%. The overall medical care ratio increased to 85.5% from 83.2% in 2023, primarily due to funding reductions from the Centers for Medicare & Medicaid Services.

The company affirmed its 2025 outlook, anticipating revenues between $450 billion and $455 billion and adjusted net earnings between $29.50 and $30.00 per share. The number of consumers served by UnitedHealthcare in 2024 grew by 2.1 million, while Optum reported an increase of 600,000 patients served under value-based care arrangements.

This report illustrates a solid financial performance for UnitedHealth Group, categorized by continued revenue growth across its diverse healthcare services.