UnitedHealth Group Incorporated (UNH) Q2 2026 Earnings Call Transcript

UnitedHealth Group Incorporated ( UNH ) Q2 2026 Earnings Call July 16, 2026 8:00 AM EDT Company Participants Stephen Hemsley - CEO & Non-Independent Non-Executive Chairman Timothy Noel - Chief Executive Officer of UnitedHealthcare Business Patrick Conway - Chief Executive Officer of Optum Wayne DeVeydt - Chief Financial Officer Michael Cotton - Chief Executive Officer of Medicaid Daniel Kueter - Chief Executive Officer of UnitedHealthcare Employer & Individual Bobby Hunter - CEO of Government Programs & Head of Medicare Insurance Krista Nelson Sandeep Dadlani - Executive VP and Chief Digital & Technology Officer Conference Call Participants Justin Lake - Wolfe Research, LLC Albert Rice - UBS Investment Bank, Research Division Stephen Baxter - Wells Fargo Securities, LLC, Research Division Kevin Fischbeck - BofA Securities, Research Division Lisa Gill - JPMorgan Chase & Co, Research Division Andrew Mok - Barclays Bank PLC, Research Division Ann Hynes - Mizuho Securities USA LLC, Research Division Lance Wilkes - Bernstein Institutional Services LLC, Research Division George Hill - Deutsche Bank AG, Research Division Erin Wilson Wright - Morgan Stanley, Research Division Benjamin Mayo - Leerink Partners LLC, Research Division David Windley - Jefferies LLC, Research Division Presentation Operator Good morning, and welcome to the UnitedHealth Group Second Quarter 2026 Earnings Conference Call. A question-and-answer session will follow UnitedHealth Group's prepared remarks. As a reminder, this call is being recorded. Here is some important introductory information. This call contains forward-looking statements under U.S. federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from historical experience or present expectations. A description of some of the risks and uncertainties can be found in the reports we file with the Securities and Exchange Commission, including the cautionary statements included in our current and periodic filings. This call will also reference non-GAAP amounts. A reconciliation of the non-GAAP to GAAP amount is available on the Financial and Earnings Reports