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UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast
CNBCยท 2025-05-13 13:02
"We are grateful for Andrew's stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced," Hemsley said in a release. The company said its decision to pull its guidance was partly due to higher medical costs, which dragged down other insurance stocks. Shares of both CVS Health dropped nearly 3% and shares of Elevance Health fell more than 3%, while Humana's stock slid more than 2% and shares of Cigna lost more than 1%. Andrew Witty, CEO of UnitedHealth ...