UnitedHealth Group 2024 Profits Hit $14 Billion Despite Cyberattack, Rising Costs

1. UnitedHealth reported $14.4 billion in 2024 profits, down from $22 billion in 2023. 2. A significant cyberattack cost UnitedHealth over $2 billion last year. 3. Medical care ratio rose to 85.5%, indicating higher medical costs for the company. 4. Revenues for 2024 grew 8% to $400.3 billion, driven by increased customer base. 5. CEO Andrew Witty remains optimistic about 2025 growth despite recent challenges.