UnitedHealth Group Center 9900 Bren Road East UnitedHealth Group Ecosystem Minnetonka, 55343 (952) 936-1300 www.unitedhealthgroup.com

Outside Relationships UnitedHealth Group, Inc. (Delaware Corporation) Outside Relationships Regulators Capital Suppliers Customers Securities Customers Suppliers Capital Regulators Regulation Debt Structure Equity Structure and NYSE Securities Bond Debt ($44.2B @ 12/31/19) | Credit Ratings: A3 (Moody’s), A+ (S&P), A- (Fitch), A- (A.M. Best) Financing Equity (as of 3/31/2020) Listing Rules Regulators Public Debt Holders $43.8B in Fixed and Floating Unsecured Notes (0.0% to 6.875%) (Maturities from 2020 to 2059) Common Stock US Securities and Share Repurchase Program (up to 100 (913.4 million shares issued) Equity Working Capital Significant Exchange Commercial Financing Commercial Paper 2024 Revolving Credit Facility 2022 Revolving Credit Facility 2020 Revolving Credit Facility million shares) (35 million outstanding) Capital Shareholders Commission Banks ($400 Million) ($4.4B) ($4.4B) ($3.8B) The Vanguard Professional Group (7.42%) New York Stock Professional Services Exchange Service Providers Governance Fidelity Board of Directors Corporate Matters Management & Human Resources Sales and Marketing Finance and Accounting Equiniti William Ballard (C.N) William McNabb (A) Research Co. (Transfer Agent and Committees: Hiring / Training Advertising Budget Support Legal (5.49%) Shareholder Services) Richard Burke (N) Valerie Montgomery Rice (P) Audit (”A”) Research & Development Pension Plans Retail Accounts Internal Audit Real Estate IP Management Compensation and Human Resources (“C”) Capital Research Deloitte & Touche Disease Research Timothy Flynn (C) John Noseworthy (P) Nominating and Corporate Governance Wholesaler, Distributor and and Management (Audit Services) Compensation Accounting Transactions Regulatory Compliance (“N”) Agent Relations Existing Product Co. (5.07%) Stephen Hemsley Glenn Renwick (A) Public Policy Strategies and Responsibility Enhancements Hogan Lovells Cash Management Contract Management Litigation Management (“P”) Immigration Direct-to-Consumer (Legal Services) Michele Hooper (A, N) David Wichmann SSgA Funds Engagement Corporate Governance Securities Compliance Disease Prevention and Regulation Benefit / 401(k) Plans Financial Reporting Management Gail Wilensky (C, P) Management Secretarial Matters Employment Law (4.85%) Subjects of US and Medical Cost Talent Development Tax Payments on Executive Officers Intellectual Property Foreign Regulation Information Technology States’ End BlackRock Fund Medical Care Behalf of Insured Chief Executive Officer – David Wichmann , – Executive Vice President and CFO – Medical Affairs Risk Management Customers Recruitment Utility/Design Patents Customers Advisors (4.50%) Service Providers Dan Schumacher John Rex Clinical Innovation Software Licenses Help Desk / Hotline Department of (Hospitals and Trademarks Vice Chairman – Larry Renfro Equity Incentive Plan Development FP&A Blind or Disabled Health and Human Physicians) End Customers Executive Vice President and Chief Legal Chief Accounting Officer – Tom Roos IT Equipment Data Processing Systems Individuals Services (including President, UnitedHealth Group; CEO, Copyrights Key Accounts Officer - Marianne Short Executive Vice President, Corporate Affairs Onboarding Healthcare Delivery Software Development Centers for Optum – Andrew Witty Special Needs Large National – Cory Alexander Networks Service Marks and Medicaid Monthly Service Executive Vice President – Ellen Wilson Treasury / Cash Procurement Management Inventory Management Individuals Services) Employers Chief Executive Officer, UnitedHealthcare – Chief Human Resources Officer – Non-Disclosure / Invention Fees or Health Business Relations Management Systems Systems Trade Dress Medicaid/CHIP Medical Dirk McMahon Chief Scientific Officer – Ken Ehlert Patricia Lewis Agreements Low-Income Small Insurance Regulation Consumer Care Premiums Families and Protection Services Administrative, Children State Governments Individuals Network Operations Business Anti-Fraud and Coordination, UnitedHealthcare Regulation Department of Abuse Employer Public Sector and Employers Management (2019 Revenue: $193.8B) Healthcare Health and Human Services UnitedHealthcare Community and State: Insurance Uninsured Services Anti-Kickbacks Mid-Sized UnitedHealthcare Employer and Individual: Products and Services (27.8 Million Customers) Products and Services (31 States; 5.9 Million Customers) and Risk-Based Offers Consumer-Oriented Health Benefit Plans Serves State Programs for Economically Disadvantaged, Medically Individuals (Centers for Medicare Employers Insurance Traditional Clinical/Pharmacy Specialty Community False Claims (2019 Revenue: $56.9B) Consumer Engagement Services for Medicaid Recipients Underserved, and Uninsured and Medicaid Services) (2019 Revenue: $43.8B) Individual Risk-Based Medical Benefits & High-Deductible Consumer- Wellness, Mental Dental Temporary Assistance for Needy Children’s Patient Protection and Affordable Insurance Programs for Health Insurance Insurance; Network Options Driven Benefit Plans Health and Substance Vision Families Program (CHIP) Care Act Competitors Premiums the Needy and State Portability and Access to Medical Services Health Reimbursement Abuse Programs Hearing Centene Molina Accountability Act Centers for Preventative Care Long-Term Services and Supports Aged, Blind and Disabled Dual Special Needs Plans (Dual SNPs) State Governments Medicare & UnitedHealth Competitors Accounts Employee Support Critical Illness of 1996 Affiliation/License Specialist Access Medicaid Services Affiliates Agreements to Health Savings Accounts Life UnitedHealthcare Global: CVS Disease Management Health Insurance Plans to Multinational Companies in 140 Global Customers Health Information (Medicare Insurance Offer Risk-Based Centene Aetna Humana Catastrophic Behavior Incentive and Short-term Regions Health Latin America Countries Technology for Advantage) Companies Insurance Protection Education Programs On-Site Flu Shots Disability ` Asia Europe Insurance Foreign Global (Primarily in , , (2019 Revenue: $9.8B) Economic and (Primarily in India and the Philippines) Premiums Governments Medicare HMOs--Health UnitedHealthcare Medicare and Retirement: Colombian and Peru) (Primarily in Ireland and the UK) Competitors Pharmaceutical Clinical Health Act Advantage HMO Maintenance Provides Health Coverage to Elderly Consumers Through Product and Services (19.1 Million Customers) Multinational Suppliers Hyderabad Alabang Letterkenny Dyce Brazil Asia Europe Plans Organizations Medicare (Administered by U.S. Centers Medicare Supplement Amil (Brazil Subsidiary Offers Health Healthcare Companies Federal Trade (Optional Drug Benefit) Johnson & z (2019 Revenue: $83.2B) for Medicare and Medicaid Services) (Covers Gaps in Traditional and Dental Benefits) Bangalore Taguig Dublin Future Generali HCA (UK) Insurance, Commission Preferred Provider Third-Party Medicare Ealing Health Local Foreign Johnson Advantage Coverage Prescription Drug Medicare) Americas Serviços Médicos Chennai Unified Health Benefit Plans, OptumRx Plans Administrators Quezon City Oxford Insurance (India) Spire (UK) Companies Administration Competitors (via HMO and Preferred Provider Organizations (PPO), Coverage (Hospital Facilities in Brazil) Gurugram System (Brazil’s and Care Gramm-Leach- Point-of-Service Coinsurance Grantham Public Healthcare Roche Premiums Point-of-Service, and Other Plans) (via Medicare Advantage Empresas Bandamédica Cebu London Delivery Pharmaceutical Bliley Act Plans Optima Deductible Gap Mumbai Option) PhilHealth Irish Life Health Employees and Health Insurance Cigna Globe Life Humana House Calls (At-home Preventative Care) and Stand-Alone Medicare (Health Benefits & Care Services in Berkshire Mitcheldean Services Bayer Regulation Health Coverage Noida (Philippines) (Ireland) Their Families Employee Private-Fee-for- Seniors (Over Age Coverage Navigate4Me (Healthcare Support Platform) Part D Plans) Chile, and Peru) Supplemental Abbott Retirement Income Service Plans 50) State Premiums Optum Insurers Security Act Special Needs Marketing and Merck & Co Pharmaceutical/Co (2019 Revenue: $112.9B) Plans Distribution of Business ntrolled Substance Department of United Health OptumHealth OptumInsight OptumRX Regulation Medicare Regulation Labor Products (2019 Revenue: $30.3B) (2019 Revenue: $10.0B) (2019 Revenue: $74.2B) Product and Services Product and Services Facilities Product and Services Prescription US Drug State Corporate Medicare and American Pfizer Drugs Enforcement Practice of Association of Specialized Care Services Financial Services Technology Research & Consulting Managed Services Drug Distribution and Pharmacy Services Retired Persons 67,000 Retail Celgene Agency Medicine Retirement Pharmacies (AARP) Population Health and Administrative Cost Revenue Cycle OptumServe Optum Bank (Health Saving Account Oncology Chronic Disease State Healthcare Management and Digital Payment Risk Analytics Reduction Management 70 Specialty and Infusion Key Company Data (as of 12/31/2019) Regulation Veterans and OptumHealth Population Health Services (including access Services) ($12 Billion in Assets under Pharmacies HIV Genetic Disease Active Military Services Management) Claims Editing Revenues/Income Share Information State Privacy and to provider networks of specialists in behavioral Clinical Performance Risk Analytics Members health, organ transplant, chiropractic and physical Risk Adjustment Improvement 500 Community Mental Pain Management Premiums: $189.7B Security : UNH therapy) Health Facility Regulation Payment Integrity Ophthalmology Products: $31.6B Payment Integrity Pharmacies Share Price (7/31/2020): Outsourcing Services/Other: $20.8B Banking Local Ambulatory Care Service Health Information and Behavioral Health $299.48 Home Delivery Regulation Preventative Data Exchange Total Revenue: $242.2B Customers Care, Lifestyle Surgical Care State Medicaid Data and Pharmacy Network Substance Use Disorders (excludes $64.6B in eliminations for Annual Dividend: $4.32 Management, Affiliates’ Technology Strategy and Technology affiliate transactions) International MedExpress Government and Interventions Independent Management Management Earnings Per Share: $13.84 Regulatory Neighborhood Net Earnings: $14.2B Entities (including the Ambulatory Regimes Care Centers Centers for Medicare Hospitals and Competitors Competitors Healthcare Customers Operating Expenses and Medicaid Services, Cigna Dept. of Defense, Surgical Centers Change Evolent Health HMS Commercial: 8.5M Medical Costs: $156.4B Healthcare Health Advocate CVS Health (Express Kindred Veterans Vizient Scripts) Administration, and Medicare (Advantage, Operating Costs: $35.2B Federal Procurement Supplement, Part D): 14.2M Agencies) Cost of Products Sold: OptumHealth OptumHealth Optum Bank Pharmacy Care OptumHealth Optum Bank Digital Technology, Research and $28.1B Surgical Urgent and Walk- Health Savings and Delivery Medicaid: 5.9M Health System Risk-Based Medical Payments Consulting, and Managed Services Organizations Insurance Services In Care Services Accounts Processing Services Plans Depreciation and International: 5.7M Amortization: $2.7B Employer- Primary Markets Primary Markets Payers (Health Plans, Third Party Sponsored Physicians and Beneficiaries Recent Developments Employers (Large, Administrators, Underwrite or Stop-Loss Individual Hospital Systems, Physicians and Other Health Plans (including Employees OptumHealth Patients Health Care Health Plans Global Life Sciences Large National Purchasing Unions and Government of Pharmacy Mid-Sized, and Small) Carriers and Individual Market Consumers Care Providers (9/10 US Hospitals and Governments UnitedHealthcare and Individual Providers (4/5 US Health Plans) Companies Employer Plans Coalitions Trusts Entities Care Plans In the second quarter of 2020, UnitedHealth Group profits doubled Intermediaries) Plans >100,000 physicians) Members) Members relative to the second quarter of 2019. Executives attributed the 100% increase to the consumers’ temporary deferral of care in their OptumHealth OptumInsight OptumRx risk-based business due to the Covid-19 pandemic. In collaboration with Boston Scientific, Medtronic, and the University of Minnesota, UnitedHealth Group deployed 3,000 “light” ventilator systems to needy hospitals. The device provides hospital workers with an easy-to-use alternative to traditional ventilator systems. © 2020 www.onepagethinking.net Fulfilled 1.34 billion prescriptions in 2019