BUZZ-UnitedHealth falls after CEO Andrew Witty steps down, suspension of 2025 forecast
Reuters2025-05-13
BUZZ-UnitedHealth falls after CEO Andrew Witty steps down, suspension of 2025 forecast ** Shares of health insurer UnitedHealth Group UNH.N fall 6.2% to $355.15 premarket
** CEO Andrew Witty decides to step down for personal reasons; co appoints Stephen Hemsley as new CEO effective immediately
** Co also suspends 2025 outlook as medical expenditures expected to be higher than anticipated
** UNH expects to return to growth in 2026, co says
** Up to last close, UNH down 25.1% YTD
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com))
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