‘No sympathy’: UnitedHealth loses $63 billion in value after former CEO’s murder

UnitedHealth Group is confronted with a disturbing situation loss in his market value after the sudden murder of the former CEO.

The shocking murder of Brian Thompson Last December it took the world by storm with all eyes on it Luigi Mangione – the man allegedly responsible for shooting him.

But the murder of the businessman has also caused the insurance company to suffer a whopping loss $63 billion in value.

Highlights
  • UnitedHealth loses $63 billion in market value after the murder of its former CEO.
  • Brian Thompson was murdered on December 4, 2024.
  • Former Ivy League student Luigi Mangione was charged with Thompson’s murder, but he pleaded not guilty.

UnitedHealth has lost $63 billion in value

Image credits: Stephen Maturen/Getty

Daily mail also reports that the stock price was initially around $610 per share on December 4, 2024. As of Thursday, January 16, 2025, that has dropped to $510.

“Brian helped build this company and forged deep, trusted relationships over more than two decades. The positive impact he had on people will be felt for years to come,” Chief Financial Officer John Rex said during an open call. Unilad.

Image credits: United Healthcare

But while concerns continue to mount – regarding the murder and financial decline – United Health has posted a ‘better than expected’ profit in the last quarter of 2024.

The independent According to the group’s leaders, adjusted earnings for the last three months of the year came in at $6.81 per share, which was up 10.6% from the same period in 2023 and 9 cents higher than the consensus forecast of Wall Street.

Revenues are also reported to have risen 6.4% to $100.8 billion.

The death of Brian Thompson had major financial consequences for the health insurer

Image credits: Pennsylvania Department of Corrections

Facebook users took the opportunity to share their thoughts on the healthcare system.

“I’ve heard so many horror stories about United Healthcare and [its] continued fraudulent activities with their customers, including my daughter,” one woman said.

Image credits: Getty Images/Unsplash (not the actual photo)

“They are a terrible insurance company and have ripped off so many people out of millions of $$, not to mention the stress it would put on people and their basic access to healthcare!”

Another person wrote: “Everyone should get their insurance through them. They scam people and do not pay for necessary medications or important tests for their clients. It’s sad that someone died because of the greed of the entire company.

Luigi Mangione is suspected of being the one who killed Thompson

Image credits: Pixabay/Pexels (not the actual photo)

Thompson, who first joined and became the healthcare company in 2004 CEO in 2021, was 50 years old when he was shot twice in the back and once in the leg on the morning of December 4, 2024.

Patrol officers responded to the emergency call sent at 6:46 a.m. as reported by AND! Newsand arrived at the entrance of the New York Hilton Midtown hotel.

Image credits: NYPDnews

“It appears the suspect may have been lurking for several minutes,” NYPD Commissioner Jessica Tisch said during a media briefing. “And as the victim walked to the conference hotel, the suspect approached from behind and fired several rounds, striking the victim at least once in the back and at least once in the right calf.

She added that the killing appeared to have been a “premeditated, pre-planned, targeted attack” and not a random act of violence.

The murder took place just before 7 a.m. on December 4, 2024

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Image credits: NYPDTips

Five days later, on December 9, 26 years old Luigi Mangione was arrested by authorities in Altoona, Pennsylvania.

A McDonald’s employee recognized the suspect and immediately called the police. When asked if he had been to New York City recently, Mangione “became quiet and started shaking,” police said. NBC News.

Image credits: DMRegister

The former Ivy League student has been advocating ever since not guilty on state murder and terror charges when he was handcuffed and sitting in a Manhattan courtroom on December 23.

He is currently being held in federal custody at the Brooklyn Metropolitan Detention Center after being extradited from Pennsylvania. Some had previously suspected he would be transferred to Rikers Island jail.

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