UnitedHealth Group Incorporated (UNH) — Tangible Net Worth Ratio
UnitedHealth Group Incorporated (UNH) has a Tangible Net Worth Ratio of 81.4% as of June 2026. This metric is calculated by deducting intangible assets ($19.75 Billion) from net assets ($105.95 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore UnitedHealth Group Incorporated net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
UnitedHealth Group Incorporated Tangible Net Worth Ratio (1985–2025)
This chart shows how UnitedHealth Group Incorporated's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at 81.4%, reflecting net assets of $105.95 Billion with intangible assets of $19.75 Billion USD. For live market cap and overall valuation, see market cap of UnitedHealth Group Incorporated.
Annual Tangible Net Worth Ratio for UnitedHealth Group Incorporated (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for UnitedHealth Group Incorporated from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore UNH capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 79.9% | $101.70 Billion | $20.47 Billion | $309.58 Billion | ▲ +2.5 pp |
| 2024 | 77.3% | $102.59 Billion | $23.27 Billion | $298.28 Billion | ▼ -7.3 pp |
| 2023 | 84.6% | $98.92 Billion | $15.19 Billion | $273.72 Billion | ▲ +1.3 pp |
| 2022 | 83.3% | $86.35 Billion | $14.40 Billion | $245.71 Billion | ▼ -3.5 pp |
| 2021 | 86.9% | $76.48 Billion | $10.04 Billion | $212.21 Billion | ▲ +2.3 pp |
| 2020 | 84.6% | $70.54 Billion | $10.86 Billion | $197.29 Billion | ▲ +1.3 pp |
| 2019 | 83.4% | $62.16 Billion | $10.35 Billion | $173.89 Billion | ▼ -0.1 pp |
| 2018 | 83.4% | $56.23 Billion | $9.32 Billion | $152.22 Billion | ▼ -0.3 pp |
| 2017 | 83.7% | $52.02 Billion | $8.49 Billion | $139.06 Billion | ▲ +4.8 pp |
| 2016 | 78.9% | $40.41 Billion | $8.54 Billion | $122.68 Billion | ▲ +2.5 pp |
| 2015 | 76.3% | $35.46 Billion | $8.39 Billion | $111.38 Billion | ▼ -12.8 pp |
| 2014 | 89.2% | $33.84 Billion | $3.67 Billion | $86.38 Billion | ▲ +0.7 pp |
| 2013 | 88.5% | $33.32 Billion | $3.84 Billion | $81.88 Billion | ▲ +2.5 pp |
| 2012 | 85.9% | $33.30 Billion | $4.68 Billion | $80.89 Billion | ▼ -4.2 pp |
| 2011 | 90.1% | $28.29 Billion | $2.79 Billion | $67.89 Billion | ▲ +1.4 pp |
| 2010 | 88.7% | $25.82 Billion | $2.91 Billion | $63.06 Billion | ▲ +3.9 pp |
| 2009 | 84.9% | $23.61 Billion | $3.58 Billion | $59.05 Billion | ▼ -3.9 pp |
| 2008 | 88.8% | $20.78 Billion | $2.33 Billion | $55.81 Billion | ▼ -2.6 pp |
| 2007 | 91.3% | $20.06 Billion | $1.74 Billion | $50.90 Billion | ▲ +0.5 pp |
| 2006 | 90.9% | $20.81 Billion | $1.90 Billion | $48.32 Billion | ▲ +2.2 pp |
| 2005 | 88.6% | $17.73 Billion | $2.02 Billion | $41.37 Billion | ▼ -0.1 pp |
| 2004 | 88.8% | $10.72 Billion | $1.21 Billion | $27.88 Billion | ▼ -7.7 pp |
| 2003 | 96.5% | $5.13 Billion | $180.00 Million | $17.63 Billion | ▼ -0.8 pp |
| 2002 | 97.2% | $4.43 Billion | $122.00 Million | $14.16 Billion | ▲ +69.3 pp |
| 2001 | 27.9% | $3.89 Billion | $2.81 Billion | $12.49 Billion | ▲ +6.8 pp |
| 2000 | 21.1% | $3.69 Billion | $2.91 Billion | $11.05 Billion | ▼ -4.9 pp |
| 1999 | 26.0% | $3.86 Billion | $2.86 Billion | $10.27 Billion | ▼ -11.7 pp |
| 1998 | 37.7% | $4.04 Billion | $2.52 Billion | $9.70 Billion | ▼ -12.0 pp |
| 1997 | 49.7% | $4.53 Billion | $2.28 Billion | $7.62 Billion | ▲ +5.6 pp |
| 1996 | 44.1% | $3.82 Billion | $2.14 Billion | $7.00 Billion | ▼ -55.2 pp |
| 1995 | 99.2% | $3.19 Billion | $24.70 Million | $6.16 Billion | ▲ +10.1 pp |
| 1994 | 89.2% | $2.80 Billion | $303.61 Million | $3.49 Billion | ▲ +10.1 pp |
| 1993 | 79.1% | $960.90 Million | $201.00 Million | $1.49 Billion | ▼ -1.3 pp |
| 1992 | 80.4% | $657.00 Million | $129.00 Million | $993.60 Million | ▼ -1.4 pp |
| 1991 | 81.8% | $319.60 Million | $58.20 Million | $574.00 Million | ▲ +0.6 pp |
| 1990 | 81.2% | $126.70 Million | $23.80 Million | $293.30 Million | ▼ -1.7 pp |
| 1989 | 83.0% | $61.00 Million | $10.40 Million | $237.00 Million | ▲ +50.7 pp |
| 1988 | 32.3% | $15.50 Million | $10.50 Million | $168.60 Million | ▲ +117.1 pp |
| 1987 | -84.8% | $41.50 Million | $76.70 Million | $210.20 Million | ▼ -48.8 pp |
| 1986 | -36.1% | $54.90 Million | $74.70 Million | $198.20 Million | ▼ -136.1 pp |
| 1985 | 100.0% | $15.30 Million | $0.00 | $42.10 Million | — |