PERFORMANCE GRAPH The following performance graph compares the cumulative five-year total return to shareholders on our common stock relative to the cumulative total returns of the S&P Health Care Index, the Dow Jones US Industrial Average Index and the S&P 500 Index for the five-year period ended December 31, 2022. The comparisons assume the investment of $100 on December 31, 2017 in our common stock and in each index, and dividends were reinvested when paid. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN Among UnitedHealth Group, the S&P Health Care Index, the Dow Jones US Industrial Average Index and the S&P 500 Index $300 7 $250 - $200 $150 - e $100 $50 - SO - 12/17 12/18 12/19 12/20 12/21 12/22 O- UnitedHealth Group -* S&P Health Care -G- Dow Jones US Industrial Average - -A- - S&P 500 12/17 12/18 12/19 12/20 12/21 12/22 UnitedHealth Group ........ $ 100.00 $ 114.52 $ 137.41 $ 166.55 $ 241.85 $ 258.65 S&P Health Care Index...... 100.00 106.47 128.64 145.93 184.07 180.47 Dow Jones US Industrial Average... 100.00 96.52 120.98 132.75 160.55 149.53 S&P 500 Index ..... 100.00 95.62 125.72 148.85 191.58 156.89 The stock price performance included in this graph is not necessarily indicative of future stock price performance