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UNITEDHEALTH GROUP INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and UNITEDHEALTH GROUP INC.’s Form 8-K, filed 2025-06-04 (Item 5.07 on EDGAR). Page generated 02 October 2026.

26Reported items
1,778Asset managers
24,410Fund votes
2025-06-02Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore UNITEDHEALTH GROUP INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by UNITEDHEALTH GROUP INC.

These tallies are UNITEDHEALTH GROUP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-04 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

UNITEDHEALTH GROUP INC. — official shareholder meeting results, meeting held 2025-06-02
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Charles Baker	746,667,016	4,423,146	1,024,926	--	59,836,956	Majority: yes
Elect Director: Timothy Flynn	651,303,141	99,158,799	1,653,148	--	59,836,956	Majority: yes
Elect Director: Paul Garcia	746,536,909	4,570,092	1,008,087	--	59,836,956	Majority: yes
Elect Director: Kristen Gil	746,875,578	4,264,517	974,993	--	59,836,956	Majority: yes
Elect Director: Stephen Hemsley	697,580,145	53,344,000	1,190,943	--	59,836,956	Majority: yes
Elect Director: Michele Hooper	688,497,615	62,277,727	1,339,746	--	59,836,956	Majority: yes
Elect Director: F. William McNabb III	725,279,560	25,647,731	1,187,797	--	59,836,956	Majority: yes
Elect Director: Valerie Montgomery Rice, M.D.	714,336,653	36,834,564	943,871	--	59,836,956	Majority: yes
Elect Director: John Noseworthy, M.D.	644,851,636	105,639,631	1,623,821	--	59,836,956	Majority: yes
Proposal 2: Non-binding advisory vote on executive compensation.	451,227,441	299,199,322	1,688,325	--	59,836,956	Majority: yes
Proposal 3: Ratification of the appointment of Deloitte & Touche LLP.	762,684,177	48,232,475	1,035,392	--	--	Majority: yes
Proposal 4: Shareholder proposal requesting a shareholder vote regarding excessive golden parachutes.	94,676,898	655,943,208	1,494,982	--	59,836,956	Majority: no

Source: UNITEDHEALTH GROUP INC., Form 8-K, filed with the SEC on 2025-06-04 — read the filing on EDGAR.

How asset managers voted at the UNITEDHEALTH GROUP INC. 2024-2025 meeting

Each item below shows how the 1,778 asset managers that disclosed a UNITEDHEALTH GROUP INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of UNITEDHEALTH GROUP INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory approval of the Company's executive compensation.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 42 wordings of this item as funds reported it.

60% Majority: yes · of votes cast

FOR 60%AGAINST 40%

FOR: 451,227,441AGAINST: 299,199,322

UNITEDHEALTH GROUP INC.’s own tally for this item (“Proposal 2: Non-binding advisory vote on executive compensation.”): 451,227,441 for, 299,199,322 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 49.6% for, 33% against (82% of the company cast a for/against vote).

The 1,696 asset managers below cast 63% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 63%AGAINST 37%

FOR: 62.6%AGAINST: 37.3%ABSTAIN: 0.0%NOT VOTED: 0.0%SPLIT: 0.0%0: 0.0%UNKNOWN: 0.0%WITHHOLD/ABSTAIN: 0.0%

Largest asset managers voting on “Advisory approval of the Company's executive compensation.” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	97,718,669	13,193,775	3	For
Capital Group	30,232,662	55,858,401	271,075	Against
BlackRock	58,542,291	822,917	0	For
Fidelity	56,856,565	1,825,192	0	For
T. Rowe Price	36,729,201	128,675	0	For
State Street	33,722,961	729,080	0	For
Wellington	5,236,796	19,368,628	0	Against
JPMorgan	22,677,654	0	0	For
Capital Research Global Investors	0	20,929,460	0	Against
GEODE CAPITAL MANAGEMENT, LLC	20,599,499	0	0	For
Charles Schwab	13,607,207	0	0	For
INVESTMENT CO OF AMERICA	1,248,583	7,075,302	0	Against
Nuveen	6,662,352	1,521,382	0	For
Northern Trust	7,750,454	287,340	0	For
UBS	7,850,847	88,075	0	For
Invesco	495,033	7,158,978	0	Against
AllianceBernstein	0	7,344,262	0	Against
Dodge & Cox	6,882,869	0	0	For
TIAA	5,054,338	1,484,494	0	For
Putnam	6,271,446	0	0	For
Amundi	0	4,745,529	0	Against
Fisher Asset Management, LLC	0	4,733,216	0	Against
Janus Henderson	333,505	4,369,887	0	Against
MELLON INVESTMENTS Corp	0	4,330,801	0	Against
Clearbridge Investments, LLC	0	4,111,723	0	Against

Showing the 25 largest of 1,696 asset managers. See all 1,696 in the interactive database.

2. If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a shareholder vote regarding excessive golden parachutes.

COMPENSATIONMajority of the votes cast: no

Meeting held 2025-06-02.

Combines 21 wordings of this item as funds reported it.

13% Majority: no · of votes cast

13%AGAINST 87%

FOR: 94,676,898AGAINST: 655,943,208

UNITEDHEALTH GROUP INC.’s own tally for this item (“Proposal 4: Shareholder proposal requesting a shareholder vote regarding excessive golden parachutes.”): 94,676,898 for, 655,943,208 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 10% for, 72% against (82% of the company cast a for/against vote).

The 328 asset managers below cast 2% of the shares they voted on this item FOR (7,187,990 for, 323,282,225 against).

AGAINST 98%

FOR: 7,187,990 (2.2%)AGAINST: 323,282,225 (97.8%)ABSTAIN: 54,702 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a shareh” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	95,021	105,126,681	3	Against
Capital Group	0	46,627,122	0	Against
Fidelity	0	37,271,164	0	Against
BlackRock	42,874	25,899,810	0	Against
T. Rowe Price	0	12,068,367	0	Against
State Street	12,599	9,557,109	0	Against
INVESTMENT CO OF AMERICA	0	8,323,885	0	Against
Charles Schwab	0	6,493,096	0	Against
TIAA	0	6,396,624	0	Against
JPMorgan	0	4,874,006	0	Against
Hartford	770	3,200,167	0	Against
JANUS INVESTMENT FUND	0	3,062,668	0	Against
Invesco	0	3,060,472	0	Against
Dodge & Cox	0	3,046,632	0	Against
Jackson National	47,669	2,668,371	0	Against
AMCAP FUND	0	2,647,764	0	Against
Dimensional	0	2,614,812	0	Against
Putnam	0	2,598,515	0	Against
Columbia Threadneedle	0	2,284,457	0	Against
Six Circles Trust	0	2,161,105	0	Against
John Hancock	0	1,949,279	0	Against
Bridge Builder Trust	253,114	1,494,922	0	Against
Legg Mason	0	1,716,742	0	Against
FRANKLIN MANAGED TRUST	0	1,537,000	0	Against
MASTER INVESTMENT PORTFOLIO	0	1,474,414	0	Against

Showing the 25 largest of 328 asset managers. See all 328 in the interactive database.

3. Election of Directors: Charles Baker

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 8 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 746,667,016AGAINST: 4,423,146

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Charles Baker”): 746,667,016 for, 4,423,146 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 82% for, 0.5% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 99.9% of the shares they voted on this item FOR (331,000,337 for, 10,423 against).

FOR 99.9%

FOR: 331,000,337 (100.0%)AGAINST: 10,423 (0.0%)ABSTAIN: 52,125 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Charles Baker” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,698	5	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

4. Election of Directors: Timothy Flynn

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 9 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%13%

FOR: 651,303,141AGAINST: 99,158,799

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Timothy Flynn”): 651,303,141 for, 99,158,799 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 72% for, 11% against (82% of the company cast a for/against vote).

The 304 asset managers below cast 90% of the shares they voted on this item FOR (299,176,581 for, 31,833,953 against).

FOR 90%10%

FOR: 299,176,581 (90.4%)AGAINST: 31,833,953 (9.6%)ABSTAIN: 52,166 (0.0%)UNKNOWN: 203 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Timothy Flynn” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,183,416	38,285	3	For
Capital Group	35,740,823	10,886,299	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,915,460	27,224	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,038	670	0	For
INVESTMENT CO OF AMERICA	1,248,583	7,075,302	0	Against
Charles Schwab	0	6,493,096	0	Against
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	1,698,120	1,017,920	0	For
AMCAP FUND	1,668,091	979,673	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,946,665	2,614	0	For
Bridge Builder Trust	1,494,922	253,114	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

5. Election of Directors: Paul Garcia

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 8 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 746,536,909AGAINST: 4,570,092

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Paul Garcia”): 746,536,909 for, 4,570,092 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 82% for, 0.6% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 99.9% of the shares they voted on this item FOR (330,979,750 for, 31,012 against).

FOR 99.9%

FOR: 330,979,750 (100.0%)AGAINST: 31,012 (0.0%)ABSTAIN: 52,123 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Paul Garcia” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,697	6	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

6. Election of Directors: Kristen Gil

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 8 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 746,875,578AGAINST: 4,264,517

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Kristen Gil”): 746,875,578 for, 4,264,517 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 82% for, 0.5% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 99.9% of the shares they voted on this item FOR (331,000,350 for, 10,414 against).

FOR 99.9%

FOR: 331,000,350 (100.0%)AGAINST: 10,414 (0.0%)ABSTAIN: 52,121 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Kristen Gil” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,698	5	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

7. Election of Directors: Stephen Hemsley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 9 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%

FOR: 697,580,145AGAINST: 53,344,000

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Stephen Hemsley”): 697,580,145 for, 53,344,000 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 77% for, 6% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 99.9% of the shares they voted on this item FOR (331,002,176 for, 8,574 against).

FOR 99.9%

FOR: 331,002,176 (100.0%)AGAINST: 8,574 (0.0%)ABSTAIN: 52,135 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Stephen Hemsley” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,609	94	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,650	58	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

8. Election of Directors: Michele Hooper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 8 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 688,497,615AGAINST: 62,277,727

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Michele Hooper”): 688,497,615 for, 62,277,727 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 76% for, 7% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 95% of the shares they voted on this item FOR (314,999,035 for, 16,011,705 against).

FOR 95%

FOR: 314,999,035 (95.1%)AGAINST: 16,011,705 (4.8%)ABSTAIN: 52,146 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Michele Hooper” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,624	78	3	For
Capital Group	46,627,122	0	0	For
Fidelity	36,825,407	445,757	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,572	136	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	0	6,396,624	0	Against
JPMorgan	0	4,874,006	0	Against
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	1,584,906	1,131,134	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,540,423	207,613	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

9. Election of Directors: F. William McNabb III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 11 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 725,279,560AGAINST: 25,647,731

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: F. William McNabb III”): 725,279,560 for, 25,647,731 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 80% for, 3% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 99.7% of the shares they voted on this item FOR (330,272,802 for, 737,948 against).

FOR 99.7%

FOR: 330,272,802 (99.8%)AGAINST: 737,948 (0.2%)ABSTAIN: 52,135 (0.0%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: F. William McNabb III” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,183,519	38,184	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,936,584	6,100	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,946,665	2,614	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

10. Election of Directors: Valerie Montgomery Rice, M.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 10 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 714,336,653AGAINST: 36,834,564

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: Valerie Montgomery Rice, M.D.”): 714,336,653 for, 36,834,564 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 78% for, 4% against (83% of the company cast a for/against vote).

The 304 asset managers below cast 93% of the shares they voted on this item FOR (308,850,595 for, 22,159,986 against).

FOR 93%

FOR: 308,850,595 (93.3%)AGAINST: 22,159,986 (6.7%)ABSTAIN: 52,119 (0.0%)UNKNOWN: 203 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: Valerie Montgomery Rice, M.D.” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	105,221,679	24	2	For
Capital Group	35,740,823	10,886,299	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	1,248,583	7,075,302	0	Against
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,937	0	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	1,698,120	1,017,920	0	For
AMCAP FUND	1,668,091	979,673	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

11. Election of Directors: John Noseworthy, M.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 10 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST 14%

FOR: 644,851,636AGAINST: 105,639,631

UNITEDHEALTH GROUP INC.’s own tally for this item (“Elect Director: John Noseworthy, M.D.”): 644,851,636 for, 105,639,631 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 71% for, 12% against (82% of the company cast a for/against vote).

The 304 asset managers below cast 90% of the shares they voted on this item FOR (298,276,423 for, 32,734,113 against).

FOR 90%10%

FOR: 298,276,423 (90.1%)AGAINST: 32,734,113 (9.9%)ABSTAIN: 52,164 (0.0%)UNKNOWN: 203 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Directors: John Noseworthy, M.D.” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	88,101,250	17,120,452	3	For
Capital Group	46,627,122	0	0	For
Fidelity	36,737,838	533,326	0	For
BlackRock	25,931,279	11,405	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,708	0	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	0	4,874,006	0	Against
Hartford	0	3,200,937	0	Against
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	1,212,116	1,503,924	0	Against
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,902,776	46,503	0	For
Bridge Builder Trust	1,137,307	610,729	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 304 asset managers. See all 304 in the interactive database.

12. Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 13 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 762,684,177AGAINST: 48,232,475

UNITEDHEALTH GROUP INC.’s own tally for this item (“Proposal 3: Ratification of the appointment of Deloitte & Touche LLP.”): 762,684,177 for, 48,232,475 against, per its Form 8-K filed 2025-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 84% for, 5% against (89% of the company cast a for/against vote).

The 303 asset managers below cast 99.4% of the shares they voted on this item FOR (328,974,846 for, 1,744,307 against).

FOR 99.4%

FOR: 328,974,846 (99.5%)AGAINST: 1,744,307 (0.5%)ABSTAIN: 52,114 (0.0%)UNKNOWN: 203 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm ” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	104,359,631	862,072	2	For
Capital Group	46,627,122	0	0	For
Fidelity	37,271,164	0	0	For
BlackRock	25,942,684	0	0	For
T. Rowe Price	12,068,367	0	0	For
State Street	9,569,572	136	0	For
INVESTMENT CO OF AMERICA	8,323,885	0	0	For
Charles Schwab	6,493,096	0	0	For
TIAA	6,396,624	0	0	For
JPMorgan	4,874,006	0	0	For
Hartford	3,200,167	770	0	For
JANUS INVESTMENT FUND	3,062,668	0	0	For
Invesco	3,060,472	0	0	For
Dodge & Cox	3,046,632	0	0	For
Jackson National	2,716,040	0	0	For
AMCAP FUND	2,647,764	0	0	For
Dimensional	2,614,812	0	0	For
Putnam	2,598,515	0	0	For
Columbia Threadneedle	2,284,457	0	0	For
Six Circles Trust	2,161,105	0	0	For
John Hancock	1,949,279	0	0	For
Bridge Builder Trust	1,748,036	0	0	For
Legg Mason	1,716,742	0	0	For
FRANKLIN MANAGED TRUST	1,537,000	0	0	For
MASTER INVESTMENT PORTFOLIO	1,474,414	0	0	For

Showing the 25 largest of 303 asset managers. See all 303 in the interactive database.

13. Election of Director: Andrew Witty

DIRECTOR ELECTIONS

Meeting held 2025-06-02.

Combines 6 wordings of this item as funds reported it.

98% fund support · no official result

FOR 34%ABSTAIN 65%

The 154 asset managers below cast 98% of the shares they voted on this item FOR (26,439,543 for, 479,218 against).

FOR: 26,439,543 (34.2%)AGAINST: 479,218 (0.6%)ABSTAIN: 50,429,387 (65.2%)UNKNOWN: 18 (0.0%)WITHHOLD/ABSTAIN: 11 (0.0%)

Largest asset managers voting on “Election of Director: Andrew Witty” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	31,469	0	25,911,215	Abstain
Vanguard	17,192,882	13	120,291	For
Charles Schwab	0	0	6,493,096	Abstain
JPMorgan	0	0	4,874,006	Abstain
Hartford	3,200,167	770	0	For
Jackson National	420,459	0	2,295,581	Abstain
Six Circles Trust	0	0	2,161,105	Abstain
John Hancock	43,889	0	1,905,390	Abstain
Bridge Builder Trust	357,615	0	1,390,421	Abstain
MASTER INVESTMENT PORTFOLIO	0	0	1,474,414	Abstain
Prudential/PGIM	441,421	421,982	0	For
CITY NATIONAL ROCHDALE FUNDS	831,459	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	688,787	0	0	For
Calamos	446,238	410	0	For
Neuberger Berman	0	0	445,979	Abstain
Jensen Quality Growth Fund Inc	441,000	0	0	For
SEI	0	0	430,549	Abstain
Russell Investments	0	0	383,044	Abstain
Amplify ETF Trust	333,511	0	0	For
SEQUOIA FUND INC	317,276	0	0	For
TOUCHSTONE STRATEGIC TRUST	0	0	315,123	Abstain
Brighthouse	226,694	4,638	52,058	For
Cardano Risk Management B.V.	0	0	265,810	Abstain
ETF Series Solutions	202,194	7,609	0	For
STERLING CAPITAL FUNDS	0	0	172,048	Abstain

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

14. Section 14a Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-02.

82% fund support · no official result

FOR 78%AGAINST 17%

The 32 asset managers below cast 82% of the shares they voted on this item FOR (277,701 for, 61,380 against).

FOR: 277,701 (78.2%)AGAINST: 61,380 (17.3%)NOT VOTED: 14,604 (4.1%)A: 1,210 (0.3%)

Largest asset managers voting on “Section 14a Executive Compensation” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Vote
Focus Partners Wealth	43,997	31,232	For
Port Capital LLC	65,256	0	For
London & Capital Asset Management Ltd	59,523	0	For
EAGLE GLOBAL ADVISORS LLC	0	27,639	Against
Wallington Asset Management, LLC	27,436	0	For
MATTERN CAPITAL MANAGEMENT, LLC	18,912	0	For
Blue Edge Capital, LLC	15,328	0	For
Blue Fin Capital, Inc.	15,280	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
Simplify Exchange Traded Funds	13,358	0	For
Baker Avenue Asset Management, LP	5,241	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	5,211	0	For
IMA Advisory Services, Inc.	3,797	0	For
Campion Asset Management	0	1,747	Against
Evergreen Wealth Management, LLC	0	0	A
ETF Opportunities Trust	1,060	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	801	0	For
COURIER CAPITAL LLC	0	576	Against
OLD SECOND NATIONAL BANK OF AURORA	521	0	For
Ballew Advisors, Inc	506	0	For
PEDDOCK CAPITAL ADVISORS, LLC	500	0	For
River Street Advisors LLC	334	0	For
Moisand Fitzgerald Tamayo, LLC	224	0	For
Barton Investment Management	0	186	Against
Inlet Private Wealth, LLC	110	0	For

Showing the 25 largest of 32 asset managers. See all 32 in the interactive database.

15. Submit Severance Agreement to Shareholder Vote

COMPENSATION

Meeting held 2025-06-02.

Combines 2 wordings of this item as funds reported it.

25% fund support · no official result

FOR 25%AGAINST 75%

The 26 asset managers below cast 25% of the shares they voted on this item FOR (508,239 for, 1,554,923 against).

FOR: 508,239 (24.6%)AGAINST: 1,554,923 (75.4%)

Largest asset managers voting on “Submit Severance Agreement to Shareholder Vote” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Vote
Navera Investment Management Ltd.	0	634,236	Against
Sarasin & Partners LLP	502,999	0	For
iA Global Asset Management Inc.	0	190,096	Against
GuideStone	0	178,674	Against
Erste Asset Management GmbH	0	135,544	Against
Empower	0	135,070	Against
Bellevue Group AG	0	126,299	Against
HC CAPITAL TRUST	0	33,532	Against
Brighthouse	0	33,045	Against
Close Asset Management Ltd	0	32,534	Against
Tidal Trust III	0	19,095	Against
CLEARWATER INVESTMENT TRUST	0	12,413	Against
GreenFi Funds Trust	0	10,457	Against
Lincoln Financial	0	5,837	Against
AGF Investments Trust	0	3,699	Against
Maj Invest Holding A/S	2,540	0	For
VALUED ADVISERS TRUST	2,300	0	For
Canopy Partners, LLC	0	2,239	Against
WASHINGTON CAPITAL MANAGEMENT, INC	400	955	Against
NORTHERN LIGHTS FUND TRUST III	0	738	Against
Colony Family Offices, LLC	0	373	Against
WORMSER FRERES GESTION	0	70	Against
UNIFIED SERIES TRUST	0	15	Against
Uniplan Investment Counsel, Inc.	0	2	Against
Advisors' Inner Circle Fund III	0	0	--

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

16. Elect Director Andrew Witty Withdrawn Resolution

DIRECTOR ELECTIONS

Meeting held 2025-06-02.

100% fund support · no official result

14%NO VOTE 27%UNKNOWN 24%N/A 16%NOT VOTED 15%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (11,812 for, 0 against).

FOR: 11,812 (0.9%)ABSTAIN: 175,432 (13.8%)NO VOTE: 339,467 (26.7%)UNKNOWN: 308,577 (24.3%)N/A: 200,263 (15.8%)NOT VOTED: 191,367 (15.1%)WITHDRAWN RESOLUTION: 23,142 (1.8%)NON-VOTING ITEM: 10,457 (0.8%)NON VOTING: 5,837 (0.5%)WITHDRAWN: 3,699 (0.3%)WITHDRAWN ITEM: 62 (0.0%)

Largest asset managers voting on “Elect Director Andrew Witty *Withdrawn Resolution*” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Abstain	Vote
Brighthouse	0	0	No Vote
Lincoln Financial	2,221	44,421	Not Voted
FundVantage Trust	0	0	Unknown
Empower	0	0	N/A
ADVISORS' INNER CIRCLE FUND	0	118,759	Abstain
SA FUNDS INVESTMENT TRUST	0	0	Unknown
JOHNSON MUTUAL FUNDS TRUST	0	0	Unknown
Pear Tree Funds	0	0	Withdrawn Resolution
Gallery Trust	0	10,708	Abstain
GreenFi Funds Trust	0	0	Non-Voting Item
First Trust	0	0	Unknown
Dunham Funds	0	0	Unknown
HC CAPITAL TRUST	0	0	Unknown
MUTUAL FUND SERIES TRUST	7,090	0	For
Forethought Variable Insurance Trust	0	0	Not Voted
Symmetry Panoramic Trust	2,501	1,302	For
AGF Investments Trust	0	0	Withdrawn
Humankind Benefit Corp	0	0	Unknown
VALUED ADVISERS TRUST	0	0	Unknown
Total Fund Solution	0	0	Unknown
Advisors' Inner Circle Fund III	0	242	Abstain
Multi-Select Securities Fund for Puerto Rico Residents	0	0	Not Voted
Institutional Investment Strategy Fund	0	0	Withdrawn Item
OARSMAN CAPITAL, INC.	0	0	--

17. Ratify Appointment of Independent Auditors

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-06-02.

Combines 2 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 762,684,177AGAINST: 48,232,475

The 10 asset managers below cast 17% of the shares they voted on this item FOR (55,426 for, 265,810 against).

FOR 17%AGAINST 83%

FOR: 55,426 (17.3%)AGAINST: 265,810 (82.7%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	265,810	Against
MARCO INVESTMENT MANAGEMENT LLC	33,359	0	For
Simplify Exchange Traded Funds	13,358	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	5,211	0	For
ETF Opportunities Trust	1,060	0	For
NORTHERN LIGHTS FUND TRUST III	806	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	801	0	For
Northern Lights Fund Trust IV	618	0	For
PACE SELECT ADVISORS TRUST	191	0	For
ESL Trust Services, LLC	22	0	For

18. Advisory approval of the Company's executive compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-06-03 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 729,597,136AGAINST: 29,075,527

UNITEDHEALTH GROUP INC.’s own tally for this item (“Proposal 2: Non-binding advisory vote on executive compensation.”): 729,597,136 for, 29,075,527 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 910,000,000 outstanding shares: 80% for, 3% against (83% of the company cast a for/against vote).

The 10 asset managers below cast 100% of the shares they voted on this item FOR (189,302 for, 0 against).

FOR 100%

FOR: 189,302 (100.0%)

Largest asset managers voting on “Advisory approval of the Company's executive compensation” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Vote
VAUGHAN DAVID INVESTMENTS LLC/IL	130,944	For
DIVIDEND ASSETS CAPITAL, LLC	18,657	For
COLDSTREAM CAPITAL MANAGEMENT INC	14,550	For
Sky Investment Group LLC	13,021	For
Americana Partners, LLC	10,084	For
Ipswich Investment Management Co., Inc.	923	For
First Trust	603	For
Axiom Financial Strategies, LLC	418	For
Seascape Capital Management	102	For
Echo45 Advisors LLC	0	--

19. Shareholder Proposal Regarding Severance Approval Policy

COMPENSATION

Meeting held 2025-06-02.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (420,452 for, 0 against).

FOR: 420,452 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Severance Approval Policy” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Vote
Cardano Risk Management B.V.	265,810	For
Union Investment Privatfonds GmbH	77,758	For
Wesleyan Assurance Society	61,555	For
Union Investment Institutional GmbH	7,528	For
OSSIAM	6,992	For
Northern Lights Fund Trust IV	618	For
PACE SELECT ADVISORS TRUST	191	For

20. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-06-02.

42% fund support · no official result

FOR 36%AGAINST 50.7%13%

The 7 asset managers below cast 42% of the shares they voted on this item FOR (14,227 for, 19,994 against).

FOR: 14,227 (36.1%)AGAINST: 19,994 (50.7%)NOT VOTED: 5,211 (13.2%)

Largest asset managers voting on “S/H Proposal - Corporate Governance” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Vote
MATTERN CAPITAL MANAGEMENT, LLC	0	18,912	Against
Simplify Exchange Traded Funds	13,358	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
ETF Opportunities Trust	0	1,060	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	801	0	For
NORTHERN LIGHTS FUND TRUST III	68	0	For
ESL Trust Services, LLC	0	22	Against

21. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-06-02.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	52,110	For
Simplify Exchange Traded Funds	13,358	For
VALUED ADVISERS TRUST	2,500	For
VOISARD ASSET MANAGEMENT GROUP, INC.	801	For
NORTHERN LIGHTS FUND TRUST III	68	For
ESL Trust Services, LLC	22	For

22. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-02.

56% fund support · no official result

FOR 56%AGAINST 44%

The 4 asset managers below cast 56% of the shares they voted on this item FOR (1,339 for, 1,057 against).

FOR: 1,339 (55.9%)AGAINST: 1,057 (44.1%)

Largest asset managers voting on “COMPENSATION” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Vote
Members Trust Co	1,151	0	For
Cornerstone Capital, Inc.	0	1,057	Against
Capital Group	175	0	For
Blue Sky Capital Consultants Group, Inc.	13	0	For

23. Advisory approval of the Company's executive H, .

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-02.

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 35,076 against).

AGAINST: 35,076 (100.0%)

Largest asset managers voting on “Advisory approval of the Company's executive H, .” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Segall Bryant & Hamill Trust	0	26,989	0	0	Against
Dunham Funds	0	8,087	0	0	Against

24. To approve, on an advisory basis, the compensation of our named executive officers.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-02.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (10,832 for, 0 against).

FOR: 10,832 (100.0%)

Largest asset managers voting on “To approve, on an advisory basis, the compensation of our named executive officers.” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
K.J. Harrison & Partners Inc	9,875	0	0	0	For
Tributary Capital Management, LLC	957	0	0	0	For

25. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-06-02.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,657 for, 0 against).

FOR: 1,657 (100.0%)

Largest asset managers voting on “Director Elections” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	1,151	0	0	0	For
Ballew Advisors, Inc	506	0	0	0	For

26. Executive Salary

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-02.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (5,190 for, 0 against).

FOR: 5,190 (100.0%)

Largest asset managers voting on “Executive Salary” at UNITEDHEALTH GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Northside Capital Management, LLC	5,180	0	0	0	For
Bell & Brown Wealth Advisors, LLC	10	0	0	0	For

Largest UNITEDHEALTH GROUP INC. shareholders voting in 2024-2025

Ranked by the number of UNITEDHEALTH GROUP INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 910,000,000 shares outstanding at the time of that meeting.

Top UNITEDHEALTH GROUP INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	12.19%
2	Capital Group	9.49%
3	BlackRock	6.52%
4	Fidelity	6.45%
5	T. Rowe Price	4.05%
6	State Street	3.79%
7	Wellington	2.70%
8	JPMorgan	2.49%
9	Capital Research Global Investors	2.30%
10	GEODE CAPITAL MANAGEMENT, LLC	2.26%

Reported UNITEDHEALTH GROUP INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

UNITEDHEALTH GROUP INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
The Vanguard Group	9.21%	DEF14A
BlackRock	8.20%	13F
State Street	4.98%	13F
JPMorgan Chase	2.89%	13F
Wellington Management	2.84%	13F
FMR (Fidelity)	2.66%	13F
T. Rowe Price	2.35%	13F
Morgan Stanley	2.35%	13F
Stephen Hemsley	0.14%	DEF14A
John Rex	0.02%	DEF14A

Percentages above are of 910,000,000 shares outstanding, as reported by UNITEDHEALTH GROUP INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from UNITEDHEALTH GROUP INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At UNITEDHEALTH GROUP INC.'s shareholder meeting held 2025-06-02, in the 2024-2025 proxy season, 1,778 asset managers reported how they voted in their SEC Form N-PX filings, covering 24,410 separate fund positions. Their filings are grouped here into 26 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory approval of the Company's executive compensation. — FOR was 60% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: UNITEDHEALTH GROUP INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-06-04.

UNITEDHEALTH GROUP INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

UNITEDHEALTH GROUP INC. 2024-2025 Proxy Voting Records

Official 2024-2025 meeting results reported by UNITEDHEALTH GROUP INC.

How asset managers voted at the UNITEDHEALTH GROUP INC. 2024-2025 meeting

1. Advisory approval of the Company's executive compensation.

2. If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a shareholder vote regarding excessive golden parachutes.

3. Election of Directors: Charles Baker

4. Election of Directors: Timothy Flynn

5. Election of Directors: Paul Garcia

6. Election of Directors: Kristen Gil

7. Election of Directors: Stephen Hemsley

8. Election of Directors: Michele Hooper

9. Election of Directors: F. William McNabb III

10. Election of Directors: Valerie Montgomery Rice, M.D.

11. Election of Directors: John Noseworthy, M.D.

12. Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2025.

13. Election of Director: Andrew Witty

14. Section 14a Executive Compensation

15. Submit Severance Agreement to Shareholder Vote

16. Elect Director Andrew Witty *Withdrawn Resolution*

17. Ratify Appointment of Independent Auditors

18. Advisory approval of the Company's executive compensation

19. Shareholder Proposal Regarding Severance Approval Policy

20. S/H Proposal - Corporate Governance

21. Election of Directors (Majority Voting)

22. COMPENSATION

23. Advisory approval of the Company's executive H, .

24. To approve, on an advisory basis, the compensation of our named executive officers.

25. Director Elections

26. Executive Salary

Largest UNITEDHEALTH GROUP INC. shareholders voting in 2024-2025

Reported UNITEDHEALTH GROUP INC. ownership

About this page

16. Elect Director Andrew Witty Withdrawn Resolution