UNITEDHEALTH GROUP INC is a insurer, scored by a separate financial-sector model — not the operating Moat Score you’ll see on other companies. A bank or insurer is a balance-sheet business the margin-and-ROIC lens doesn’t fit, so it’s read through the components below instead. The two models are calibrated differently and are not comparable: a financial-sector score is never ranked against, sorted with, or averaged into an operating Moat Score. How the models work.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Aug 31, 2026.
44 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
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Insider
Shares owned after
Date
Filing detail
Conway Patrick HughChief Executive Officer, Optum
Open-market or private sale (S)Table I · Disposed · Common Stock
1,169
$390.00
$455,910
15,327.797
Aug 21, 2026
1 filed lot
Table I · Common Stock: 1,169 shares at $390.00 · code S · owned after 15,327.797 ·
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
What UnitedHealth Group Incorporated insiders reported
Records still being gathered — partial as of retrieval Aug 31, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
What the financial-sector model scores (insurer)
100
Median ROE 24.0% on average equity, above the 10% hurdle in 100% of 9 years.
50
Q3 scored 2 evidenced ratios equally.
90
Profitable in 100% of 10 years, ROE steady.
Not scored for this company
Canonical split-adjusted share history is incomplete; no book-value trend claim is made.
Net interest economics apply to banks and lenders; not part of the carrier model.
Loss ratios are not an underwriting-discipline signal for this carrier type (life, regulated-MLR health, title/surety, or unclassified); component not applied.
Scored 3 of 4 applicable components (carrier model); weights renormalized over the scored set.
Fundamentals
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
Financial-sector score history
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Reading
Aug 3, 2026
89
Jul 26, 2026
91
Jul 26, 2026
91
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.
Scored from primary SEC filings via the public financial-sector methodology. Educational only — not a recommendation to buy or sell UNH. See the disclaimer.