UnitedHealth Q1 Earnings Exceed Expectations Despite $872M Cyberattack Costs

• Cyberattack on UnitedHealth subsidiary Change Healthcare in February 2023 cost UnitedHealth $872 million in first quarter • Attack disrupted hospitals and pharmacies for over a week before systems restored • Ransomware gang BlackCat/ALPHV claimed responsibility, allegedly stealing over 6TB of data • Reports said $22 million ransom was paid to hackers to restore systems • Despite cyberattack costs, UnitedHealth still beat Q1 earnings expectations with $99.8B revenue