UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast
Publishing timestamp: 2025-05-13 13:02:42
Summary
UnitedHealth Group CEO Andrew Witty is stepping down for "personal reasons" and the company has suspended its 2025 forecast, causing shares to tumble nearly 10%. The decision to pull guidance was partly due to higher medical costs, impacting other insurance stocks as well. The company expects to return to growth in 2026.
Sentiment: NEGATIVE
Tickers: ELV, HUM, UNH, CVS, CI,
Keywords: business news, health care industry, breaking news: business, unitedhealth group inc, business, pharmaceuticals, humana inc, biotechnology, cvs health corp, biotech and pharmaceuticals, elevance health inc, cigna group,
Source: https://www.cnbc.com/2025/05/13/unitedhealth-group-ceo-andrew-witty-steps-down.html