UnitedHealth CEO Andrew Witty unexpectedly steps down as insurer suspends financial outlook

UnitedHealth CEO Andrew Witty is resigning from his position for personal reasons, the insurance company announced on Tuesday. 

UnitedHealth also said that it would suspend its 2025 financial outlook because due to higher-than-expected medical costs. The move to withhold guidance followed its first quarterly earnings miss in more than a decade.

The health care giant said Stephen Hemsley has taken the helm of the company as CEO. Hemsley previously served as UnitedHealth CEO from 2006 to 2017.