UnitedHealth Group is showing signs of recovery after a turbulent 2025, with first-half 2026 revenues up 1.2% year over year and adjusted earnings per share up 20.5%. The company's medical care ratio improved to 86.7% in the second quarter from 89.4% a year earlier, helping UnitedHealthcare's operating margin expand to 4.6% from 2.4%. Optum also contributed, with operating income rising 29% to $4 billion in the quarter. As a result, UnitedHealth raised its 2026 adjusted EPS outlook to $19.50-$20, though risks remain from elevated medical costs and membership declines. The company's shares have gained 28.7% over the past year, and it trades at a forward P/E of 18.46, above the industry average of 15.99.
UnitedHealth Group IncorporatedRaises 2026 EPS outlook on improved margins and Optum growth.
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