UnitedHealth Group beat fourth-quarter earnings but issued soft revenue guidance due to higher-than-expected medical costs. CEO Stephen Hemsley signed a letter calling for deescalation after a U.S. citizen was fatally shot by federal immigration agents. The company posted net income of $10 million, with revenue climbing to $113.2 billion.

UnitedHealth expects 2026 revenue to decline 2% year-over-year to $439 billion, below analyst expectations of $454.6 billion. The company cites divestitures, declining U.S. membership, and Medicare coding changes as factors. Shares fell after CMS proposed flat Medicare Advantage payment rates, impacting insurers’ profits. Medical costs for Medicare Advantage patients have spiked recently.

Read more at CNBC: UnitedHealth Group (UNH) earnings Q4 2025