[lotsofpulp]

Net income over a long period of time is appropriate in my opinion. They consistently hover around 5% for 15+ years. It’s a pretty competitive market.

https://www.macrotrends.net/stocks/charts/UNH/unitedhealth-g...

I don’t see a lot of juice to squeeze in insurance companies in general.

[wefarrell]

They're using their profits to buy their competitors and downstream partners, which in UNH's case has allows their market cap to grow 10x in 10 years.

The 5% that you quote is after those acquisitions (and taxes) and is not a true indicator of profit.