About

Tim Noel has served as Chief Executive Officer of UnitedHealthcare since January 2025. He joined UnitedHealth Group in 2007 and held numerous leadership roles, including CEO of UnitedHealthcare's Medicare & Retirement business and Chief Financial Officer and Senior Vice President of federal products for Medicare & Retirement.

Roles

Unitedhealth Group Inc.
Chief Executive Officer, UnitedHealthcare · Current role
2007–present
UnitedHealthcare
Chief Executive Officer
2025–Present
UnitedHealthcare Medicare & Retirement
Chief Executive Officer
—
UnitedHealthcare Medicare & Retirement
Chief Financial Officer and SVP of federal products
—

Fixed Compensation

FY 2025
Base salary
$981,827
Payment scheduleBi-weekly, in cash
Evaluation periodFY2025
All other compensation
$469,334
401(k) match$15,750
Insurance premiums$5,308
Executive security$448,276
Total compensation
$20,201,746
Fiscal year2025

Performance Compensation

Data from FY 2025

Cash incentive

2025 annual cash incentive award
$1,750,000
Target Opportunity
—
Plan2008 Executive Incentive Plan
Evaluation periodFY2025
Amount deferred$175,000
Revenue
$461.7B target
Target Opportunity
—
Weighting30%
Threshold / Target / Max$438.6B / $461.7B / $484.8B
2025 adjusted resultBetween threshold and target
Evaluation periodFY2025
Operating income
$38.5B target
Target Opportunity
—
Weighting30%
Threshold / Target / Max$32.7B / $38.5B / $44.3B
2025 adjusted resultBelow threshold
Evaluation periodFY2025
Cash flow from operations
$32.0B target
Target Opportunity
—
Weighting15%
Threshold / Target / Max$27.2B / $32.0B / $36.8B
2025 adjusted resultBelow threshold
Evaluation periodFY2025
Net Promoter Score (NPS)
12.5% weighting
Target Opportunity
—
Weighting12.5%
2025 resultBetween threshold and target
Evaluation periodFY2025
Employee Experience Index (EXI)
12.5% weighting
Target Opportunity
—
Weighting12.5%
2025 resultBetween threshold and target
Evaluation periodFY2025

Stock awards

2025 long-term incentive (target value)
$8,000,000
Award mix50% performance shares / 25% stock options / 25% RSUs
RSUs + performance shares grant-date fair value$15,000,506
Stock options grant-date fair value$2,000,079
Evaluation periodFY2025
Performance shares (PSUs)
Not disclosed
Target shares (#)7,962
Weighting50%
Vesting3-year cliff (payout 0–200%)
Performance metricsAdjusted EPS (50%) / Return on equity (50%)
Grant year2025 (2025–2027 performance period)
Restricted stock units (RSUs)
Not disclosed
Target shares (#)3,981
Weighting25%
VestingRatable over 4 years
Grant year2025
Non-qualified stock options
$2,000,079
Options granted (#)16,884
Weighting25%
VestingRatable over 4 years
Grant year2025

Also at Unitedhealth Group Inc.

Colleague
Charles Baker
Independent Director
Colleague
Timothy Flynn
Independent Director
Colleague
Paul Garcia
Independent Director

Related

Company
Unitedhealth Group Inc.
Company hub

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