UnitedHealth Group reported stronger-than-expected results and once again raised its full-year guidance.

UnitedHealth Group's third-quarter net income reached $4.11 billion, beating analyst expectations as the company's financial condition continued to improve.

The healthcare company continued to push forward with its financial and operational turnaround, posting results above analyst estimates and raising its full-year earnings forecast once again.

The earnings release comes more than a year after Chief Executive Officer Stephen Hemsley retook the helm of the company. Following a collapse in performance that wiped hundreds of billions of dollars off its market value, Hemsley promised major reforms upon his return.

In the third quarter of 2026, UnitedHealth Group reported net income of $4.11 billion, or $4.56 per share, compared with net income of $2.35 billion, or $2.59 per share, in the same period a year earlier.

UnitedHealth Group is the parent company of the largest U.S. health insurer and also holds a large portfolio of other healthcare assets. The company raised its full-year adjusted earnings guidance, expecting earnings of at least $20.50 per share. Last quarter, the company's guidance range was $19.50 to $20, while the analyst consensus compiled by FactSet stood at $19.80.

UnitedHealth's third-quarter adjusted earnings per share came in at $4.69, above the FactSet consensus estimate of $4.14.

Third-quarter revenue was $112.69 billion, compared with $113.16 billion in the same period a year earlier.

Hemsley previously served as the company's chief executive for a long period, later holding only the chairman role, and has now returned to the CEO position. Under his leadership, the company began divesting loss-making businesses, shrinking its sprawling physician group operations, and reducing the scale of its Medicare-related insurance plans.

The group's overall health insurance enrollment fell to 48.3 million from 50.1 million a year earlier.

Its insurance unit, UnitedHealthcare, reported a medical loss ratio of 88.4%. The medical loss ratio is a closely watched metric representing the share of premium revenue spent on medical claims; the FactSet consensus estimate was 89.7%.

Optum Health, the group's core healthcare services unit and the main source of UnitedHealth's financial troubles last year, posted operating profit of about $735 million in the quarter, compared with just $41 million a year earlier.

The company attributed the improvement to "strengthened operational discipline and medical cost management." Optum Health's revenue declined due to a reduction in the number of patients served in certain lower-penetration markets.