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Schedule I (Notes)
 12 Months Ended
Dec. 31, 2024
Condensed Statement of Income Captions [Line Items]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Balance Sheets
 
(in millions, except per share data)December 31,
2024		December 31,
2023
Assets  
Current assets:  
Cash and cash equivalents$234 $776 
Other current assets411 570 
Total current assets645 1,346 
Equity in net assets of subsidiaries179,209 153,692 
Long-term notes receivable from subsidiaries6,062 5,693 
Other assets920 831 
Total assets$186,836 $161,562 
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued liabilities
$1,501 $1,116 
Short-term notes payable to subsidiaries2,016 9,887 
Short-term borrowings and current maturities of long-term debt4,348 4,086 
Total current liabilities7,865 15,089 
Long-term debt, less current maturities71,831 57,387 
Long-term notes payable to subsidiaries14,405 — 
Other liabilities77 330 
Total liabilities94,178 72,806 
Commitments and contingencies (Note 4)
Shareholders’ equity:
Preferred stock, $0.001 par value -10 shares authorized; no shares issued or outstanding
— — 
Common stock, $0.01 par value - 3,000 shares authorized; 915 and 924 issued and outstanding
9 9 
Retained earnings96,036 95,774 
Accumulated other comprehensive loss(3,387)(7,027)
Total UnitedHealth Group shareholders’ equity92,658 88,756 
Total liabilities and shareholders’ equity$186,836 $161,562 
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Statements of Comprehensive Income
 
 For the Years Ended December 31,
(in millions)202420232022
Revenues: 
Investment and other income$368 $312 $255 
Total revenues368 312 255 
Operating costs:
Operating costs
108 35 121 
Interest expense
4,544 3,469 2,110 
Total operating costs4,652 3,504 2,231 
Loss before income taxes(4,284)(3,192)(1,976)
Benefit for income taxes1,032 654 429 
Loss of parent company(3,252)(2,538)(1,547)
Equity in undistributed income of subsidiaries17,657 24,919 21,667 
Net earnings14,405 22,381 20,120 
Other comprehensive income (loss) 3,640 1,366 (3,009)
Comprehensive income$18,045 $23,747 $17,111 
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Statements of Cash Flows
 
 For the Years Ended December 31,
(in millions)202420232022
Operating activities 
Cash flows from operating activities$4,852 $17,443 $14,754 
Investing activities
Issuances of notes to subsidiaries(349)(41)(567)
Repayments of notes to subsidiaries225 817 281 
Cash paid for acquisitions and other transactions(13,750)(8,144)(20,728)
Return of capital to parent company21 639 1,424 
Capital contributions to subsidiaries— (2,472)(570)
Cash received from dispositions, net2,444 624 2,787 
Other, net30 286 — 
Cash flows used for investing activities(11,379)(8,291)(17,373)
Financing activities
Common stock repurchases(9,000)(8,000)(7,000)
Proceeds from common stock issuances1,846 1,353 1,253 
Cash dividends paid(7,533)(6,761)(5,991)
(Repayments of) proceeds from short-term borrowings, net(151)11 732 
Proceeds from issuance of long-term debt17,811 6,394 14,819 
Repayments of long-term debt(3,000)(2,125)(3,015)
(Repayments of) proceeds from short-term notes from subsidiaries, net(7,966)1,188 594 
Proceeds from long-term notes from subsidiaries14,396 — — 
Repayments of long-term notes from subsidiaries(28)— — 
Other, net(390)(702)(674)
Cash flows from (used for) financing activities5,985 (8,642)718 
(Decrease) increase in cash and cash equivalents(542)510 (1,901)
Cash and cash equivalents, beginning of period776 266 2,167 
Cash and cash equivalents, end of period$234 $776 $266 
Supplemental cash flow disclosures
Cash paid for interest$4,241 $3,257 $1,969 
Cash paid for income taxes2,450 4,426 4,298 
See Notes to the Condensed Financial Statements of Registrant
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Notes to Condensed Financial Statements
1.    Basis of Presentation
UnitedHealth Group’s parent company financial information has been derived from its consolidated financial statements and should be read in conjunction with the consolidated financial statements included in this Form 10-K. The accounting policies for the registrant are the same as those described in Note 2 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.”
2.    Subsidiary Transactions
Investment in Subsidiaries. UnitedHealth Group’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries.
Dividends and Capital Distributions. Cash dividends received from subsidiaries and included in Cash Flows from Operating Activities in the Condensed Statements of Cash Flows were $19.3 billion, $18.5 billion and $15.6 billion in 2024, 2023 and 2022, respectively. Additionally, $21 million, $639 million and $1.4 billion in cash were received as a return of capital to the parent company during 2024, 2023 and 2022, respectively.
3.    Short-Term Borrowings and Long-Term Debt
Discussion of short-term borrowings and long-term debt can be found in Note 8 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” Long-term debt obligations of the parent company do not include other financing obligations at subsidiaries which totaled $0.7 billion and $1.1 billion at December 31, 2024 and 2023.
Maturities of short-term borrowings and long-term debt for the years ending December 31 are as follows:
(in millions)
2025$4,350 
20263,650 
20273,425 
20283,000 
20293,550 
Thereafter59,802 
UnitedHealth Group’s parent company had short-term notes payable to subsidiaries of $2.0 billion and $9.9 billion as of December 31, 2024 and 2023, respectively, which included on-demand features. UnitedHealth Group’s parent company had long-term notes payable to subsidiaries of $14.4 billion as of December 31, 2024.
4. Commitments and Contingencies
Certain subsidiaries are guaranteed by UnitedHealth Group’s parent company in the event of insolvency. UnitedHealth Group’s parent company also provides guarantees related to its service level under certain contracts. None of the amounts accrued, paid or charged to income for service level guarantees were material as of December 31, 2024, 2023 or 2022.