The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Unitedhealth Group

Capital · out

outflows — medical costs (MLR ~85%+) dominate; then ~$7.9B dividends + ~$5.5B buybacks + ~$4.5B M&A FY25

high confidence · as of 2026-07-26 · about Unitedhealth Group

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Unitedhealth Group.