• UnitedHealth Group average return on tangible equity for 2023 was -81.51, a 37.32% decline from 2022.
• UnitedHealth Group average return on tangible equity for 2022 was -130.05, a 5.64% decline from 2021.
• UnitedHealth Group average return on tangible equity for 2021 was -123.11, a 11.83% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.