19-9, San Chong Road, Nan-Kang Beat the Dow Jones With This Unstoppable Dividend Stock, Got $5,000? BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) announced today that Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Morgan Stanley's US Financials Conference in New York on Monday, June 12, 2022, at 1:00 pm ET. And reconciliation of the non-GAAP to GAAP amounts is available on the financial and earnings reports section of the company's investor relations page at www.unitedhealthgroup.com. Our focus is to bring innovation into the marketplace, whether that's through the way we design plans like Surest in UnitedHealthcare, the way we develop the value-based platform in OptumCare. Household and Air Conditioning Appliances, http://mis.tse.com.tw/Quotes/Best5?StkNo=1504&refresh=0. We are a health care and well-being company made up of a diverse team around the world dedicated to making health care work better through two distinct and complementary businesses: Optum and UnitedHealthcare. Starting in 2023, we will jointly develop 15 Walmart health clinics in Florida and Georgia and will extend into additional geographies over time. And, obviously, I understand, you know, guidance has often come up over the course of the year. We are taking a normal-year view for flu. Actual results may vary materially from expectations expressed or implied in this document or any of our prior communications. And then the investments, I mean those are really the four areas of investments in our business and you recited those very nicely. Actual results may vary materially from expectations expressed or implied in this document or any of our prior communications. However, I would note at this point, based on our Q3 performance, we have seen net hiring among our customers. And so, those are some of the areas that we have been expanding our reach. SUPPLEMENTAL FINANCIAL INFORMATION - BUSINESS METRICS, Total UnitedHealthcare - Domestic Medical, Optum Health Consumers Served (in millions), Optum Insight Contract Backlog (in billions), Optum Rx Quarterly Adjusted Scripts (in millions). So, a very good, very strong quarter, continued strong performance from OptumHealth overall. Through Medicare Advantage, people are experiencing better health outcomes than in traditional fee-for-service Medicare across a wide spectrum of measures. We do hope you're taking away the impression of a company confident in its opportunities and ability to grow. MINNETONKA, Minn., November 28, 2022 -- ( BUSINESS WIRE )--UnitedHealth Group (NYSE: UNH) issued financial guidance ahead of its annual Investor . You will receive Teco Group latest news, investor events and revenue report Teco Group investors sustainability news. So, year-to-date 2021, we have deployed about $5 billion of capital in M&A, which was about the full year number in the end. And, Lisa, thank you for the question. Actual results could differ materially from those that management expects, depending on the outcome of certain factors including: risks associated with public health crises, large-scale medical emergencies and pandemics; our ability to effectively estimate, price for and manage medical costs; new or changes in existing health care laws or regulations, or their enforcement or application; the DOJs legal action relating to the risk adjustment submission matter; our ability to maintain and achieve improvement in quality scores impacting revenue; reductions in revenue or delays to cash flows received under government programs; changes in Medicare, the CMS star ratings program or the application of risk adjustment data validation audits; failure to maintain effective and efficient information systems or if our technology products do not operate as intended; cyberattacks, other privacy/data security incidents, or our failure to comply with related regulations; failure to protect proprietary rights to our databases, software and related products; risks and uncertainties associated with our businesses providing pharmacy care services; competitive pressures, including our ability to develop and deliver innovative products to health care payers and expand access to virtual care; changes in or challenges to our public sector contract awards; failure to develop and maintain satisfactory relationships with health care payers, physicians, hospitals and other service providers; failure to attract, develop, retain, and manage the succession of key employees and executives; the impact of potential changes in tax laws and regulations (including any increase in the U.S. income tax rate applicable to corporations); failure to achieve targeted operating cost productivity improvements; increases in costs and other liabilities associated with litigation, government investigations, audits or reviews; failure to manage successfully our strategic alliances or complete or receive anticipated benefits of strategic transactions; fluctuations in foreign currency exchange rates; downgrades in our credit ratings; our investment portfolio performance; impairment of our goodwill and intangible assets; and our ability to obtain sufficient funds from our regulated subsidiaries or from external financings to fund our obligations, maintain our debt to total capital ratio at targeted levels, maintain our quarterly dividend payment cycle, or continue repurchasing shares of our common stock. The number of people served domestically by our commercial insured offerings increased by more than 100,000 over the past half year, as we continue to experience strong growth in our newer, more affordable, consumer-centric offerings. 01 December 2022 | Healthcare Breaking down UnitedHealth Group's Investor Day and what it means for Healthcare in 2023 By Blake Madden Before we dive in, I wanted to share the link to the virtual session that Rik Renard, Varun Sawhney and I had covering how to analyze healthcare stocks! Full year 2022 earnings from operations were $28.4 billion, an increase of 19%, with strong contributions from Optum and UnitedHealthcare. We look forward to discussing this with you in much greater detail in person at our investor conference in New York. We know that in every interaction every prescription, every physician visit, every call is an opportunity to bring our mission to life: To help people live healthier lives and help make the health system work better for everyone. So, a stability of confidence in the healthcare that they can come to expect. 19-9, San Chong Road, Nan-Kang Please note that we are not responsible for the availability of or the content located on or through such third-party websites. The expanding clinical breadth and deepening integration of our value-based care offerings are moving us beyond the confiance of traditional clinical settings, creating an opportunity for us to serve more people more effectively. JPMorgan Chase will generate about $84 billion in net interest income this year, the New York-based bank said Monday in slides for an all-day investor presentation. Gary Taylor -- Cowen and Company -- Analyst. As those of you listening know well, numbers can tell a story. This article is a transcript of this conference call produced for The Motley Fool. John mentioned in the opening remarks that, right now, we've grown about 800,000 Medicare lives and that's consistent with the guidance we gave at our investor conference last year. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Full year operating earnings were $14.4 billion compared to $12.0 billion last year, reflecting growth in people served and continued strong medical and operating cost management. ET. We know that at home care settings, especially for people with mobility challenges and highly complex health needs, can improve outcomes, elevate patient experience, and result in better care. We're very focused on, and that's because we're concerned that through a redetermination cycle during '23 and '24, depending on when the public health emergency comes to an end. Probably, you're still a little under 15% of that number in fully capitation arrangements. Note: UnitedHealth Group served 151 million unique individuals across all businesses at December 31, 2022. To make the world smarter, happier, and richer. Dan Keuter -- Chief Executive Officer, UnitedHealthcare Employer and Individual. This above list is not exhaustive. Optum Rx revenue growth of 9% in 2022 reflects continued expansion of its pharmacy care services, adding clinical value to medications, including specialty and community-based pharmacies. Is the basic view is that we would project a medical cost trend off of this year that's more in that traditional 4% or 5% range mid-single digits? We do not undertake to update or revise any forward-looking statements, except as required by law. We just don't know. And as you have come to expect, we continue to strive toward our long-term 13% to 16% earnings-per-share growth goal. And it's interesting, actually, just to pause for a second today and contrast where we are today versus where we were a year ago. ET. Among a few highlights. So, I'll ask Tim Spilker and then Tim Noel to comment in a second. And just interested in that context how you are thinking about potential footprint expansions in the ACA exchanges for 2023 and beyond. Absolutely correct is the importance of capitated and value-based care to both our strategic business model to continue to offer comprehensive healthcare solutions to our nation citizens, as well as to our optimistic outlook on growth. And we will share more detail in November around the specifics. That has been the driver, and it really was the driver last quarter as well. Thank you, Dirk. And thank you for the question, A.J. UnitedHealth Group Reports First Quarter 2023 Financial Results. Information presented on this call is contained in the earnings release we issued this morning and in our Form 8-K dated October 14, 2022, which may be accessed from the investor relations page of the company's website. TECO's fiscal year starts on January 1st and ends on December 31st. Our businesses are growing and operating well, with strong momentum and a keen enterprise focus on executing on our strategic growth priorities. The surviving company is TECO. Discounted offers are only available to new members. In addition to that, contributing is labor and inflationary costs. TECO 2022 Q2 Online Investor Conference (Mandarin) 2022/08/16 2022 Investor Conferences of Companies Listed on TWSE , Taipei: 2022/07/22 : MasterLink Securities - 2022 Taiwan Corporate Day, Taipei: 2022/07/14 : Capital Securities - Online Investment Forum, Taipei: 2022/06/21 I think the current Street consensus is about 13% earnings growth off your updated '22 guidance. In terms of our backlog, it represents about a quarter of our backlog and not surprisingly less in terms of current revenue contribution. And just being respectful of what we don't know, again, probably the pacing of care patterns and how they return to normal, certainly included in that. Good day, everyone, and welcome to the UnitedHealth Group third quarter 2022 earnings conference call. Great. 2022 ANNUAL REPORT . So, feel good about the way our value proposition has resonated in '22 and feel like that momentum will head into 2023. OptumRx revenue grew 8%, reflecting growth in people served and continued expansion of the pharmacy care businesses, including specialty, home delivery, and community pharmacies. What is the record merger date for TECO and Taian and which is the surviving company? More information can be found at the Taiwan Stock Exchange (TSE) English website by entering Tecos stock code 1504. As previously announced, UnitedHealth Group will discuss the companys results, strategy and future outlook on a conference call with investors at 8:45 a.m. Eastern Time today. As I said a little bit earlier, I think a good way to think about this is, you know, what has historically been a COVID narrative becomes much more a blended narrative around things like capacity constraints in the system, you know, the cost of living folks' ability to -- or desire to access the system right now, which is an area we are working super hard to try and ensure is sustained. Transfer Agent: How to exercise the right to vote and realize the result of AGM? Sure. Year to date, adjusted cash flows from operations were 21 billion or 1.3x net income. And thank you for the question, Kevin. So far, this benefit will be available to more than 1 million additional people, and we are actively engaging with many additional employers. So, you know, we're not particularly staking ourselves out to say flu is either going to be very low as we've seen in the last couple of years, all very high. And new customer sales and retention have been strong. Our final question for today will come from Gary Taylor of Cowen. Consumers want value, especially in the current economic environment. We do not undertake to update or revise any forward-looking statements, except as required by law. I think we're going from around 40% of the addressable market here, leaving 2022 to nearly two-thirds by the end of next year and again -- or by the start of next year, I should suggest. Following the call, a webcast replay will be on the Investor Relations page and at https://uhg.com/Replay through January 27, 2023. Stock Transfer Agent Registrar Agency Department of Capital securities Corp. AddressB2, 97, Sec. A decision is -- I'm sorry, a description of some of these risks and uncertainties can be followed in the reports that we filed with the Securities and Exchange Commission, including the cautionary statements included in our current and periodic filings. The shareholder bonus, as described above, in any particular year shall generally be made up of 50% of cash dividend and shall under no circumstances be less than 5%. Good morning. So, we think these numbers are telling the story of an enterprise striving to conclude a strong 2022, a year broadly featuring diversified growth today and making foundational investments for our long-term future. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Thanks so much, Brian. Good morning. Thanks, Andrew, and thank you, Josh, for the question. Here are some important introductory information. July 15, 2022 05:55 AM Eastern Daylight Time MINNETONKA, Minn.-- ( BUSINESS WIRE )--UnitedHealth Group (NYSE: UNH) reported second quarter 2022 performance led by broad-based growth at Optum. I would say we've really seen emergence of value-based arrangements at a faster pace than, perhaps, historically. Plus, of course, volatility in things like COVID and flu, particularly as you go through Q4, Q1 over the next few months. I just want to come back to '23 for a moment. Dan Schumacher -- Chief Strategy and Growth Officer. And acuity patterns remain stable, but as always, we are highly respectful of and watchful for evolving medical cost trends. UnitedHealth Group is dedicated to continuously improving the quality of our performance for consumers, customers, care providers and our shareholders. The statements, estimates, projections, guidance or outlook contained in these materials include forward-looking statements which are intended to take advantage of the safe harbor provisions of the federal securities law. Past Events. Next question, please. Josh, thanks so much. And you mentioned how we're negotiating with our provider partners. The medical care ratio at 82.0% for full year 2022 and 82.8% for the fourth quarter was consistent with the companys recent Investor Conference outlook. As a. Hey, Stephen. So, that's how we're really viewing this. Today, in the United States, more people than ever have access to health benefits, an important milestone on the path toward universal coverage, an objective we have long supported. Optum Insight connects the health care system with trusted services and analytics to make clinical, administrative and financial processes simpler and more efficient. Thanks. I really appreciate that question. Earnings Release Schedules and Supplementary Information, - Condensed Consolidated Statements of Operations, - Condensed Consolidated Statements of Cash Flows, - Supplemental Financial Information - Businesses, - Supplemental Financial Information - Business Metrics, - Reconciliation of Non-GAAP Financial Measure, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Earnings attributable to noncontrolling interests, Net earnings attributable to UnitedHealth Group common shareholders, Diluted earnings per share attributable to, Adjusted earnings per share attributable to, UnitedHealth Group common shareholders (a), Diluted weighted-average common shares outstanding, (a) See page 6 for a reconciliation of the non-GAAP measure, Liabilities, redeemable noncontrolling interests and equity, Short-term borrowings and current maturities of long-term debt, Total liabilities, redeemable noncontrolling interests and equity, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, Net changes in operating assets and liabilities, Purchases of investments, net of sales and maturities, Purchases of property, equipment and capitalized software, Net change in short-term borrowings and long-term debt, Cash flows from (used for) financing activities, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents, beginning of period, SUPPLEMENTAL FINANCIAL INFORMATION - BUSINESSES, Total consolidated earnings from operations, UnitedHealthcare Employer & Individual - Domestic, UnitedHealthcare Employer & Individual - Global, UnitedHealthcare Employer & Individual - Total. So, let me walk through some of those numbers with you. So, really important that you see that and very much taken into consideration as we thought through our work going forward. Now, we are working with self-funded employers who are exploring how they can provide these vital medications for zero co-pay. In fact, while we are expanding into four new states in 2023, our footprint is expanding meaningfully. Investor Relations. The Investor Conference agenda and book for 2022 are available below. Question on whether or not we see any kind of economic slowdown, as you just heard, we are not really seeing that yet in terms of our marketplace. 2, Dunhua S. The information in these materials is accurate only as of the date it was published and is not being updated. These 3 Industry Stalwarts Are Trading Near Their 52-Week Lows. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. I know that continuity of care has been a big focus here, especially with redeterminations coming back. Management believes that the use of adjusted net earnings per share provides investors and management useful information about the earnings impact of acquisition-related intangible asset amortization. Invest better with The Motley Fool. So, two important things there. Kevin Fischbeck -- Bank of America Merrill Lynch -- Analyst. Jamie Dimon warns investors to brace themselves. Webcast. On accretion for change, so, yes, it will be accretive next year. Optum full year revenues of $182.8 billion grew $27.2 billion or 17% year-over-year, led by Optum Health, and full year operating earnings increased to $14.1 billion compared to $12.0 billion last year. Foreign institutional investors currently hold NT$19.59 trillion of shares, accounting for about 39 percent of total market capitalization, the commission said. Just let me pick out one of those aspects, which is a question you asked about the fully capitated lives within there. Looking to 2023 and given the potential resumption of eligibility redeterminations next year, a high priority for our team is assuring continuity of access and care for those we serve. So, whether that's in making sure we get the integration of change done as promptly as we can, whether it's how we invest in our consumer capabilities, which really started to get going in Q3 and will continue through Q4 and beyond, or whether it's increasing our investment in our employees to make sure that we are responsive to the cost of living pressures. All shares issued are common shares. Turning to UnitedHealthcare, revenue grew by 11% with all businesses contributing. And maybe I now pass to Wyatt to give you a little bit more context of how it all fits together. Next question? Thank you. Dan, would you like to answer that? Gary, thanks so much for the questions. OptumInsight's revenue grew 18% in the quarter, led by continued market growth across payer and provider services. UnitedHealth Group's 2022 revenues grew $36.6 billion or 13% . As we do look forward, I would say that we have planned and price for our cost trend a little higher than historical norms. At this distance, we view a majority of the 2023 analyst estimates as reasonably reflecting performance levels we would expect to offer in November, with the current consensus at the top end of our likely initial earnings outlook range. The other lines of the business are yet to resolve. So, think of home and community is helping us bring value-based constructs to a broader set of populations and servicing more comprehensively those we serve in OptumCare. We've talked a lot about Surest and how that consumer choice model is really driving not only a lower price point, but first dollar coverage is really emerging as a priority for those folks that we support and serve every day. Taipei City, Taiwan. And the story our numbers tell is one of broad-based growth and substantial near and long-term potential. Yes. Can you refresh us on the components of OptumHealth and sort of how much of that revenue is now coming from OptumCare, and then how many of those consumers are within OptumHealth or actually OptumCare consumers, and maybe how many are in some form of risk arrangement and then how many are full capitation? Andrew Witty, Chief Executive Officer | UnitedHealth Group, Growth Strategy Listen, Nathan, thanks for the question. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Thanks, John. We are very confident that our combined capabilities will enable us to better serve all healthcare constituents. In conjunction with the Investor Conference, an updated view of financial performance for 2022 and the initial outlook for 2023 will be released on the Monday, November 28, at approximately 4:15 p.m. A downloadable investor book, including business overviews and highlights for UnitedHealth Group, Optum and UnitedHealthcare, is available below in the Materials section. Calculated by Time-Weighted Return since 2002. The Motley Fool recommends UnitedHealth Group. It looks like also there has been some favorable policy developments and then some competitive changes to that could be positive for the market. Thank you. I hope you're getting a sense of an organization that has long been the case is focused sharply on executing with excellence in all we do so that we can meet and exceed our commitments to our customers, clinicians, consumers, and the communities we serve, and, of course, to our employees and to you, our shareholders. RECONCILIATION OF NON-GAAP FINANCIAL MEASURE, GAAP net earnings attributable to UnitedHealth Group common shareholders, Adjusted net earnings attributable to UnitedHealth Group common shareholders, Tax effect per share of intangible amortization. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and UnitedHealth Groupwasn't one of them! Thanks. Next question please, April. Wanted to ask about OptumInsight. With that, Gary, thanks so much for the question. Now I'll turn it back to Andrew. 5 min read. A broad team of UnitedHealth Group leaders will offer perspectives on the companys performance on its long-term strategic growth priorities and its role in advancing health care quality, experiences and value for people. And so, as we roll through the next two quarters or three quarters, we really anticipate a kind of new OptumInsight emerging from this integration. People served by our Medicare Advantage offerings continue to grow strongly, increasing 800,000 so far this year. UnitedHealth Group will host a live webcast of this conference call from the Investor Relations page of the companys website (www.unitedhealthgroup.com). Much of this expanded coverage has occurred in Medicaid. Learn More, UnitedHealth Group(UNH 1.21%)Q32022 Earnings CallOct 14, 2022, 8:45 a.m. Absolutely. This above list is not exhaustive. As you think about '23 and you're going through the process of pricing discussions with your commercial employer groups and so forth, is the basic concept -- I know, John, you said continue to return to normal utilization. Stock Advisor list price is $199 per year. And what's been really encouraging is from our existing relationships, we have been able to drive really strong outcomes, and that gives us confidence around the performance. View source version on businesswire.com: https://www.businesswire.com/news/home/20221122005827/en/, Investors:Zack SopcakZack.Sopcak@uhg.com 952-936-7215, Media:Matt StearnsSenior Vice President202-276-0085, Search for emotional support dog certification, https://www.businesswire.com/news/home/20221122005827/en/. MINNETONKA, Minn. : UnitedHealth Group (NYSE: UNH) will host its annual Investor Conference with analysts and institutional investors in New York City on Tuesday, November 29, 2022, beginning at 8:00 a.m. Cost basis and return based on previous market day close. Just let me make a couple of broader comments, and I might just ask Brian Thompson to reflect a little bit more detail on that as well from the UnitedHealthcare perspective. Thank you. So, again, reasons aligned with yours. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. One, the second half for changes. Underpinning our growing consumer agenda is an ambitious multiyear effort to deepen and expand our enterprise technology capabilities. So, in terms of our ramp-up of capital deployment, and you heard from John Rex earlier, we have very substantial continued capacity. And I will pass that actually to our new Head of E&I, our commercial insurance business, Dan Keuter. We are confident our differentiated offerings will once again this year resonate with consumers who are even more focused on affordability, value, and simplicity, given the rising cost of daily life. Thanks for the question, Scott. Brian Thompson here. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Josh Raskin -- Nephron Research -- Analyst. Optum Health revenue per consumer served increased by 29% in 2022, driven by growth in patients served under value-based arrangements; expansion of care delivery services, including in-home, clinic-based, ambulatory surgery, behavioral and digital; and overall increasing acuity levels of the care that can be offered. I will now turn the call over to the chief executive officer of UnitedHealth Group, Andrew Witty. And our planning for next year anticipates care patterns continue to normalize. We discuss these matters, and certain risks that may affect our business operations, financial condition and results of operations more fully in our filings with the SEC, including our reports on Forms 10-K, 10-Q and 8-K. By their nature, forward-looking statements are not guarantees of future performance or results and are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Favorable medical reserve development was $620 million in the quarter. We have a robust pipeline, and that pipeline has been growing, and conversations have been advancing. The scale of those organizations and what we are able to do very material. So, the impact there and how that comes in. Market-beating stocks from our award-winning analyst team. The words believe, expect, intend, estimate, anticipate, forecast, outlook, plan, project, should and similar expressions identify forward-looking statements. The Motley Fool has a disclosure policy. Huashan 1914 Creative Park - . At our November investor conference, we . MINNETONKA, Minn., January 13, 2023--(BUSINESS WIRE)--UnitedHealth Group (NYSE: UNH) reported full year and fourth quarter 2022 results reflecting broad-based growth at Optum and UnitedHealthcare. Thanks, Justin. As I know you understand well is it's lower half seasonally in terms of earnings. UnitedHealthcare full year revenues of $249.7 billion grew $26.8 billion or 12% year-over-year, reflecting growth in the number of people served. Making the world smarter, happier, and richer. Taipei 115, Taiwan. Optum brings together clinical expertise, technology and data to make health care simpler, more effective and more affordable, at scale. So, we're trying to do our part through data sharing, through outreach to consumers, engaging communities, engaging providers, and then really connecting with individuals where they access care, so places like pharmacies. An audio webcast will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com. As a reminder, this call is being recorded. Beyond inpatient, some variation, I would say, all other service types to largely near at or even slightly above normal levels. Great. Hi. Visit UnitedHealth Group at www.unitedhealthgroup.com and follow @UnitedHealthGrp on Twitter. As amortization fluctuates based on the size and timing of the Companys acquisition activity, management believes this exclusion provides a more useful comparison of the Company's underlying business performance and trends from period to period. Days claims payable were 49.9 in the fourth quarter compared to 46.8 a year ago and 50.8 in third quarter 2022. ET. Using market-leading information, analytics and technology to yield clinical insights, Optum helps improve overall health system performance: optimizing care quality, reducing care costs and improving the consumer experience. Please go ahead. Another tenet of our consumer focus is meeting people where they are, which includes expanding our clinical capabilities to care for people more holistically in their homes. This is -- it's a great moment to bring together tremendous complementary skills, capabilities, technologies, perspectives on the marketplace. In order to speed improved system performance and experiences for patients and care providers, Optum Insight is advancing its investment initiatives. All rights reserved. For example, MA members with diabetes have over 50% lower rates of any category of complication and over 70% lower rates of serious complication. You know, we're taking, I think, a reasonably balanced view of how this is going to play out. With that, operator, let's open it up for questions, one per caller, please. And then, any kind of early view on Medicare Advantage, you know, given the open enrollment kicked in here, what do you think for 2023 in terms of the market? But when I think about '23, I just want to make sure I am capturing what you're saying. How do I transfer my stock or change my address with the transfer agent? And in addition, just more product designs that are meaningfully lowering those price points for end consumers, whether it's virtually enriched products, we mentioned that a little bit. This news release presents non-GAAP financial information provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Thanks very much for taking my question. The words "believe," "expect," "intend," "estimate," "anticipate," "forecast," "outlook," "plan," "project," "should" and similar expressions identify forward-looking statements. Cash flows from operations for the full year were $26.2 billion or 1.3-times net income. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. Read about our strategic growth priorities, long-term financial performance outlook, commitment to NPS, sustainability priorities, and how we are advancing health equity. The record date for the merger of TECO and Taian is September 30, 2003. A few elements on that. Adjusted net earnings per share is a non-GAAP financial measure. And again, Medicaid, consistent with the other lines of business, lower in inpatient and physicians starting to trend back. And we are encouraged by our progress. Tim Noel -- Chief Executive Officer, Medicare and Retirement. The exercising of the right to vote is expressed item by item in Rules Governing Shareholders Meeting. Maybe I will ask Brian to make a couple of comments on that. Could you rank those for us in terms of how you are thinking those headwinds weigh on '23 a little bit? Favorable medical reserve development was $620 million in the quarter. So, A.J., thanks so much for the question and, obviously, a key aspect of planning for next year that you're focused on. A question-and-answer session will follow UnitedHealth Group's prepared remarks. As Andrew just mentioned, we are very excited about the recent combination of Change Healthcare and OptumInsight. Investors can take part in the AGM in person or grant a proxy authorizing another person to exercise the right to vote. And, of course, coming back on my comments is how we think about impact going forward. . In the third quarter, UnitedHealth Group revenues of 81 billion grew 12% or 8.6 billion, highlighted by broad-based double-digit growth at both Optum and UnitedHealthcare. Hi, good morning. UnitedHealth Group affirmed the 2022 growth and performance objectives established at its November 30, 2021 Investor Conference, including revenues of $317 billion to $320 billion, net. This is due to our ability to provide deeper, more coordinated levels of care. Thanks for the question. UnitedHealthcare Medicare & Retirement is dedicated to serving the health and well-being needs of seniors and other Medicare beneficiaries through a comprehensive and diversified array of products and services. I mean if you kind of just think about the blend of headwinds, tailwinds for 2023, in terms of headwinds, I would probably say the external environment, the inflationary pressures, obviously, in among that mix. Taishin Securities Co., LtdPhone: 886-2-2504-8125B1, 96 Jianguo N. Rd, Taipei City 104, Taiwan, R.O.C. And that's what really underpins our long-term confidence in sustained growth, particularly in OptumCare, which is a key piece of OptumHealth. As you know, this is an area where we have been building up very substantially over the last couple or three years, and maybe ask Brian to give you a little bit more detail on that. Earnings from operations for Optum for the three months and year ended December 31, 2022 included $1,692 and $6,032 for Optum Health; $895 and $3,588 for Optum Insight; and $1,372 and $4,436 for Optum Rx, respectively. So, we are continuing to expand our portfolio of digital offerings supporting a range of needs, allowing patients to get resources when they need them. So, we have not yet seen an emergence of recessionary impact in our commercial book of business. VIEW ONLINE . Explore our stories to see our mission at work, find recent news releases, and read research offering solutions for addressing health care challenges and opportunities. Yeah. With that maybe sort of high-level perspective, maybe, Brian, you might just go a little deeper in terms of how you've been translating some of that as you've been thoughtful about pricing going forward. In July, we announced zero consumer cost share on drugs for diabetes, severe allergic reactions, and other emergency situations starting in January for those we serve with commercial insured benefits. And that means high-quality care that is more accessible, more affordable, and more responsive to their individual needs. UnitedHealth Groups 2022 revenues grew $36.6 billion or 13% year-over-year to $324.2 billion with double digit growth at both Optum and UnitedHealthcare, driven primarily by serving more people and by serving them more comprehensively. Tim Spilker -- Chief Executive Officer, UnitedHealthcare Community and State. And thank you, all, for joining us today. Earnings from operations for Optum for the three months and year ended December 31, 2021 included $1,229 and $4,462 for Optum Health; $951 and $3,398 for Optum Insight; and $1,240 and $4,135 for Optum Rx, respectively. And they will be able to have it delivered to their home. We ended the quarter with a debt-to-capital ratio of 38%, providing ample ability to continue to further build upon vital capabilities, which benefit both the people we serve and the broader health system. We have expanded our behavioral health network by 25% over the last couple of years, including a growing complement of behavioral clinical practices owned and operated by Optum. Which Is the Better Forever Stock: Johnson & Johnson or UnitedHealth Group? Or do you have a view that the government, which has been lagging a little bit, will still kind of take a little bit longer to get back to normal. Obviously, for the last couple of years, there is been a lot of focus on the effect of COVID as you think about impacts on medical cost trend. But again, as I had mentioned, inpatient, a little bit lower. So, you will all continue to -- so you will continue to see us increasing access, quality, and affordability in this clinically important and sensitive area. And you also talked about, I think, just sort of healthy respect, as you might call it, for maybe utilization continuing to normalize. And we agree totally. People served by MA spend as much as 40% less compared to those in Medicare fee-for-service. It could lead to a situation where folks get dislodged from their coverage. Brian Thompson -- Chief Executive Officer, UnitedHealthcare. Dirk McMahon, President and Chief Operating Officer | UnitedHealth Group, Financial Outlook UnitedHealth Group affirmed the 2023 growth and performance objectives established at its November 29 th Investor Conference, . Thank you, Stephen. Please stand by. Sure, Andrew. This call will also reference non-GAAP amounts. So, that really tells you -- you know, despite the very strong impact that's having, you can see the way that's reflected through this sustained 34% growth in average revenue per consumer served in OptumHealth. Their dedicated work gives us the confidence today to increase our 2022 adjusted earnings per share outlook to a range of $21.20 to $21.70 per share. How are you thinking about that concept of normalization for both the fourth quarter? The medical care ratio at 82.0% for full year 2022 and 82.8% for the fourth quarter was consistent with the company's recent Investor Conference outlook. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. It would be great to have pleasant surprises on that dimension, of course. And once again, I like my chances to outperform the industry in '23 and have share gaining growth. Yeah. Thanks for the question. Sure. MINNETONKA, Minn. (November 28, 2022) - UnitedHealth Group (NYSE: UNH) issued financial guidance ahead of its annual Investor Conference which takes place on November 29, beginning at 8:00 a.m. A question-and-answer session will follow UnitedHealth Group's prepared remarks. So, you'll hear me talking a lot about OptumHealth and our capitated and value-based risk labs because increasingly, we're bringing all of the services, behavioral, virtual, financial, as well as clinics to bear to grow our value-based population. So, we are really focused on how we can ensure that people are retained coverage. Days claims payable were 49.9 in the fourth quarter compared to 46.8 a year ago and 50.8 in third quarter 2022. In the past quarter, we've accelerated efforts to deliver on this critical consumer proposition by launching several initiatives to reach more people in more communities while deepening relationships with those we already serve. 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