UNH · 8-K · 20260716PR000191

Liquidity and Cash Position

UNITEDHEALTH GROUP INC · 2026-07-16 · Importance 47 · Surprise 6

UnitedHealth reported cash flows from operations of $11.1 billion for the second quarter of 2026 (1.9x net income) and reported consolidated cash and short-term investments of $31,468 million as of June 30, 2026. For the six months ended June 30, 2026, operating cash flow totaled $19,964 million and the company projects cash flows from operations of approximately $24,000 million for full-year 2026. The company attributed Q2 cash flow strength to timing of a substantial government payment, strong earnings performance and disciplined working capital management. These liquidity metrics underpin the company's stated ability to fund dividends, share repurchases and targeted investments through 2026.

Key facts

• Debt-to-capital ratio as of June 30, 2026: 41.2%. source
• Second quarter 2026 days claims payable: 47.0 days. source
• Debt-to-capital ratio in first quarter 2026: 42.9%. source
• Debt-to-capital ratio in second quarter 2025: 44.1%. source
• Cash and short-term investments as of June 30, 2026: $31,468 million. source
• Total current assets as of June 30, 2026: $86,860 million. source
• Total assets as of June 30, 2026: $309,727 million. source
• Accounts receivable, net as of June 30, 2026: $21,573 million. source