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UnitedHealth Group Balance Sheet Statement

Assets, liabilities, and shareholders' equity

UnitedHealth Group holds $312.64B in total assets. Shareholders' equity is $103.90B against $77.9B in total debt. Cash and equivalents total $28.0B. The current ratio is 0.798 and debt-to-equity is 0.750. Based on the Q1 2026 filing.

Total Assets$312.64BTotal Stockholders Equity$103.90BLong Term Debt$71.4BCash And Equivalents$28.0BTotal Current Assets$91.1BTotal Current Liabilities$114.12B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$352.79B
P/E Ratio29.29
ROE11.77%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$34.3B$33.6B$34.3B$36.0B$38.0B$38.6B
Accounts payable and other current liabilities (Note 11)$34.3B$33.6B$34.3B$36.0B$38.0B$38.6B
Deferred income$3.3B$3.3B$3.0B$3.4B$3.4B$3.4B
Liability for Claims and Claims Adjustment Expense$34.2B$37.1B$38.4B$40.2B$39.3B$39.7B
Other accrued liabilities$27.3B$29.5B$29.3B$28.2B$28.0B$25.9B
Current portion of long-term debt$4.5B$10.0B$5.7B$7.7B$6.1B$6.5B
Deferred revenue$3.3B$12.4B$11.9B$11.6B$3.4B$11.0B
Liabilities held for sale—-$3.0M-$2.0M-$16.0M—$59.0M
Note payable to DIRECTV$27.3B$29.5B$29.3B$28.2B$28.0B$25.9B
Total current liabilities$103.8B$113.5B$110.8B$115.5B$114.9B$114.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$22.4B$26.9B$24.1B$22.7B$23.0B$26.6B
Available-for-Sale Debt Securities - Amortized Cost—$3.7B$3.5B$3.5B—$3.3B
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)—$3.7B$3.5B$3.5B—$3.3B
Available-for-Sale Debt Securities - Fair Value (Maturing Within 1 Year)—$341.0M$319.0M$264.0M—$268.0M
Cash and cash equivalents$25.3B$30.7B$28.6B$27.2B$24.4B$28.0B
Cash, Cash Equivalents, and Marketable Securities$46.9B$46.4B$46.6B$46.8B$48.2B$50.1B
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)$26.1B$26.0B$28.6B$32.8B$29.7B$24.6B
Debt Securities Amortized Cost$50.3B$49.3B$49.2B$48.9B$50.1B$52.3B
Trading assets—$3.7B$3.5B$3.5B—$3.3B
Other Receivables$26.1B$26.0B$28.6B$32.8B$29.7B$24.6B
Prepaid expenses and other current assets$8.2B$9.0B$9.0B$9.0B$9.7B$8.7B
Short-term investments$3.8B$3.6B$3.4B$3.4B$3.8B$3.2B
Total current assets$85.8B$96.3B$93.7B$95.1B$90.6B$91.1B
Trading Securities in Marketable Securities————$3.3B$3.5B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$0.0——$394.0M$559.0M$556.0M
Accumulated other comprehensive income (loss)-$3.4B-$2.9B-$2.5B-$2.2B-$2.1B-$2.6B
Common stock9M3B3B3B3B3B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued915M910M905M906M906M908M
Convertible Preferred Stock Authorized Shares10M10M10M10M10M10M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Cumulative Gross Losses and Impairments$4.0M$4.0M$4.0M$3.0M$3.0M$4.0M
Cumulative Gross Unrealized Gains$0.0$1.0M$1.0M$1.0M$2.0M$1.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$9.0M$9.0M$9.0M$9.0M$9.0M$9.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Noncontrolling interests$5.6B$5.8B$5.7B$5.8B$6.0B$6.0B
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Redeemable noncontrolling interests$4.3B$4.4B$4.3B$4.2B$1.6B$1.4B
Retained earnings$96.0B$97.9B$97.3B$97.6B$95.6B$99.9B
Total liabilities and stockholders' equity$298.3B$309.8B$308.6B$315.3B$309.6B$312.6B
Total stockholders' equity$98.3B$100.8B$100.5B$101.6B$100.1B$103.9B
Unrealized Gains on Investments$62.0M$78.0M$131.0M$214.0M$229.0M$116.0M
Unrealized Losses on Investments (Before Tax)$3.0B$2.5B$2.2B$1.8B$1.6B$1.9B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)—$14.3B$14.4B$13.6B—$14.1B
Gross loans————$882.0M$880.0M
Deferred tax assets$3.6B$3.9B$3.8B$3.2B$2.4B$2.9B
Deferred Tax Assets and Other Non-Current Assets$19.6B$20.4B$21.3B$23.0B$23.0B$23.5B
Equity method investments$52.4B$3.4B$3.4B$3.5B$3.3B$3.5B
Equity Securities (FV-NI and No Readily Determinable FV) - Cost$4.9B$5.1B$5.4B$5.6B$5.5B$5.5B
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments————$3.3B$3.5B
Equity Securities Without Readily Determinable Fair Value - Cumulative Upward Adjustments————$846.0M$933.0M
Available-for-sale securities—$13.9B$14.1B$13.4B—$13.8B
Held-to-maturity securities$512.0M$492.0M$493.0M$488.0M$490.0M$474.0M
Total investment securities$47.4B$46.9B$47.1B$47.3B$48.7B$50.6B
Goodwill$106.7B$107.6B$107.7B$110.3B$110.5B$110.5B
Held-to-Maturity Debt Securities - Fair Value$508.0M$14.0M$14.0M$15.0M$489.0M$14.0M
Held-to-Maturity Debt Securities - Maturing 1 to 5 Years—$121.0M$152.0M$202.0M—$185.0M
Held-to-Maturity Debt Securities - Maturing 5 to 10 Years—$13.0M$5.0M$5.0M—$4.0M
Held-to-Maturity Debt Securities - Maturing Over 10 Years—$17.0M$17.0M$17.0M—$17.0M
Equity securities$1.9B$2.1B$2.3B$2.4B$2.2B$2.0B
Intangible assets, net$23.3B$22.9B$22.5B$864.0M$20.5B$20.1B
Investments - Amortized Cost Basis$49.8B$48.8B$48.7B$48.4B$3.3B$3.5B
Other intangible assets—net$23.3B$22.9B$22.5B$22.8B$20.5B$20.1B
Investments$52.4B$51.9B$52.5B$53.0B$54.3B$56.8B
Other non-current assets$19.6B$20.4B$21.3B$23.0B$23.0B$23.5B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$3.8B$3.6B$3.4B$3.4B$3.8B$3.2B
Other non-current assets$19.6B$20.4B$21.3B$23.0B$23.0B$23.5B
Property and equipment, net$10.6B$10.7B$10.9B$11.1B$10.8B$10.7B
Software and Technology Licenses, Net$19.6B$20.4B$21.3B$23.0B$23.0B$23.5B
Total assets$298.3B$309.8B$308.6B$315.3B$309.6B$312.6B
Total Equity Investments - Estimated Fair Value$4.9B$5.1B$5.4B$5.6B$5.5B$5.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components—$32.0K$28.0K$25.0K$846.0M$933.0M
Cumulative Cost Basis$49.8B$48.8B$48.7B$48.4B$49.6B$51.9B
Deferred Revenue Timing Percentage—50.0%50.0%50.0%—50.0%
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$3.0B$2.5B$2.2B$1.8B$1.6B$1.9B
Gross Unrealized Gains$62.0M$78.0M$131.0M$214.0M$229.0M$116.0M
Total$49.8B$48.8B$48.7B$48.4B$49.6B$51.9B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$12.2B$12.0B$11.6B—$12.7B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$11.5B$11.5B$11.2B—$12.3B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$14.3B$14.4B$13.6B—$14.1B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$13.9B$14.1B$13.4B—$13.8B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10—$5.3B$5.5B$6.7B—$7.7B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10—$5.0B$5.2B$6.5B—$7.4B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One—$3.7B$3.5B$3.5B—$3.3B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One—$3.7B$3.5B$3.5B—$3.3B
Available for sale investments$46.9B$46.4B$46.6B$46.8B$48.2B$50.1B
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$3.0B$3.0B$3.0B$3.0B$3.0B$3.0B
Common stock, shares issued (in shares)$915.0M$910.0M$905.0M$906.0M$906.0M$908.0M
Common Stock, Shares, Outstanding$915.0M$910.0M$905.0M$906.0M$906.0M$908.0M
Short-term debt and current portion of long-term debt$4.5B$10.0B$5.7B$7.7B$6.1B$6.5B
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value$47.4B$46.9B$47.1B$47.3B$48.7B$50.6B
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions—$32.0K$28.0K$25.0K—$31.0K
Deferred income taxes$3.6B$3.9B$3.8B$3.2B$2.4B$2.9B
Equity method investments (Note 11)$3.8B$3.4B$3.4B$3.5B$3.8B$3.9B
Trading securities, cost————$3.3B$3.5B
Forward Share Repurchase Contracts - Liability Amount—————$500.0M
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss$4.0M$4.0M$4.0M$3.0M$3.0M$4.0M
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain$0.0$1.0M$1.0M$1.0M$2.0M$1.0M
5-10 years—$14.0M$5.0M$5.0M—$4.0M
1-5 years—$120.0M$152.0M$202.0M—$186.0M
After 10 years—$17.0M$17.0M$17.0M—$17.0M
Within 1 year—$341.0M$319.0M$264.0M—$267.0M
Change in medical costs payable included within businesses held for sale—-$3.0M-$2.0M-$16.0M—$59.0M
Total number of security positions—$42.0K$43.0K$41.0K—$42.0K
Loan receivables carrying value————$8.9B$9.4B
Loans Receivable Fair Value Disclosure————$882.0M$880.0M
Noncontrolling interests in subsidiaries$5.6B$5.8B$5.7B$5.8B$6.0B$6.0B
Other Commitment—$4.0B$4.0B——$3.0B
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$10.0M$10.0M$10.0M$10.0M$10.0M$10.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Redeemable noncontrolling interests in subsidiaries$4.3B$4.4B$4.3B$4.2B$1.6B$1.4B
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$12.4B$11.9B$11.6B—$11.0B
Proceeds from sale of loans to third-party investors—————$585.0M
Uncommitted Receivables Facility, Amount Collected but Not Remitted————$1.0B$245.0M
Purchase Obligation—$4.0B$4.0B——$3.0B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 1 to 5 Years—$120.0M$152.0M$202.0M—$186.0M
Debt Maturity - 5 to 10 Years—$11.5B$11.5B$11.2B—$12.3B
Debt Maturity - Over 10 Years—$5.3B$5.5B$6.7B—$7.7B
Reserve for insurance claims$34.2B$25.9B$26.8B$27.8B$26.7B$27.6B
Long-term debt$72.4B$71.3B$73.5B$72.4B$72.3B$71.4B
Other non-current liabilities$15.9B$16.0B$15.7B$18.4B$18.2B$18.9B
Total liabilities$195.7B$204.6B$203.8B$209.5B$207.9B$207.3B