UNH – Market expectations are for declining Uniform ROA, but management is confident about growth, strategic initiatives, and differentiated value

• UnitedHealth Group Incorporated (UNH:USA)currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 20.8x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm, while management is confident about their capacity for growth, progress in their initiatives, and capability to deliver differentiated value
• Specifically, management is confident in the transformative impact of their enterprise, and the differentiated value they deliver to customers. They are also confident in their position to grow through their investments in people, technologies, and processes. Furthermore, they are confident in a number of their initiatives including Renai, Optum, NexusACO, and OptumInsight. Additionally, management is confident in their risk-based offerings, and improvements in the effectiveness of their health care