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.

Related

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.