UnitedHealth Group Incorporated (UNH) stock rose 2% today after the company, one of the largest private health insurers in the United States, reported financial results for the fourth quarter and full year of 2021.
United Health Group’s full year 2021 adjusted net earnings grew 13% to $19.02 per share.
Optum Growth
Speaking on the results, CEO Andrew Witty commented, “Our strong 2021 performance and confident growth outlook for 2022 and beyond reflect the accelerating innovation and expanding capabilities across Optum and United Healthcare."
United Health Group’s full year 2021 revenues grew $30.5 billion or 11.8% to $287.6 billion year-over-year, with broad-based growth across the Optum and United Healthcare businesses.
Full year 2021 earnings from operations were $24 billion, with the Optum businesses comprising over half of the total.
Optum, a subsidiary of UNH since 2011, was helped by increased revenue per consumer, which jumped 33% for the full year.
The company attributed the rise to "the expansion of people served in value-based care arrangements, as well as the continued build-out of care delivery capabilities, including in-home physical and digital offerings."
2022 Outlook
United Health Group recently outlined performance goals at its November 30, 2021 Investor Conference.
