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Article textUnitedHealth Group is facing a staggering loss in its market value following the former CEO’s sudden murder.

The shocking assassination of Brian Thompson last December took the world by storm as all eyes focused on Luigi Mangione — the man who was allegedly responsible for gunning him down.

But the killing of the business executive has also caused the insurance company to lose a whopping $63 billion in value.

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 for over 20 years, and the positive impact he had on people will be felt for years to come,” said Chief Financial Officer John Rex during an open call, as per Unilad.

But while concerns are still on the rise — in regards to the murder and the financial decrease — UnitedHealth has posted a “better-than-expected” profit during the final quarter of 2024.

The Independent said the group’s leaders’ stated adjusted earnings in the last three months of the year ended at $6.81 a share, which was a 10.6% increase from the same period in 2023 and 9 cents ahead of the Wall Street consensus forecast.

Revenues were also reported to have risen 6.4% to $100.8 billion. Brian Thompson’s death had major financial impacts on the health insurance company

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

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

“They are a horrible insurance company and scammed so many people out of millions of $$, not to mention the stress that would put on people and their basic access to healthcare!”

Another person wrote, “Everyone needs to drop their insurance through them. They rip people off and wont pay for necessary meds or important tests for their clients. It’s sad someone died because of the whole companies GREED.” Luigi Mangione is suspected to have been the one to murder Thompson

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

Patrol officers responded to the emergency call dispatched at 6:46am, as reported by E! News, and arrived at the entrance of the New York Hilton Midtown hotel.

“It appears the suspect was lying in wait for several minutes,” said NYPD commissioner Jessica Tisch during a media briefing. “And as the victim was walking 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 slaying appeared to have been a “pre-meditated, pre-planned, targeted attack,” rather than a random act of violence. The killing happened just before 7 in the morning on December 4, 2024

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

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

Since then, the former Ivy League student has pleaded not guilty to the charges of state murder and terror as he was shackled and seated in a Manhattan court on December 23.

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

top 14 comments
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[–] Llituro@hexbear.net 60 points 1 month ago

so you're saying they put up his high score? michael-laugh are they really this stupid??

[–] SerLava@hexbear.net 38 points 1 month ago

In retrospect, I think millions of people seeing this chart right before insurance renewal

couldn't be great for business

[–] Lemmygradwontallowme@hexbear.net 35 points 1 month ago

Spare the sympathy

Everybody wants to be my enemy! deny-defend-depose

[–] nohaybanda@hexbear.net 34 points 1 month ago (1 children)

you-think-this-is-funny you think it’s funny that the people getting rich off people’s sickness and desperation lost so much share value?

lenin-walenin well yes actually

[–] Collatz_problem@hexbear.net 15 points 1 month ago

They should lose something else too! gui-better

[–] mayo_cider@hexbear.net 26 points 1 month ago

Those quotation marks are doing work

[–] CthulhusIntern@hexbear.net 22 points 1 month ago

Hey investors! I've got a new strategy for shorting stocks!

[–] thefluffiest 20 points 1 month ago

Thanks Luigi 🫡

[–] Infamousblt@hexbear.net 19 points 1 month ago (1 children)

Gotta pump those numbers up, those are rookie numbers

[–] infuziSporg@hexbear.net 3 points 1 month ago

Out of a total of $456B valuation of UNH? That's not so bad. At $21B per bullet, that's probably the most valuable trade of the century.

[–] sewer_rat_420@hexbear.net 12 points 1 month ago

Damn with this math its only gonna take a few hundred to destroy the oligarchy

[–] DamarcusArt@lemmygrad.ml 10 points 1 month ago

Only 8 more Luigis and the company will be gone forever!

[–] Cruxifux 9 points 1 month ago (1 children)

Article won’t let me read it. Is that from people going with different companies or is that from them moving towards giving more payouts since the assassination? I’m guessing it’s the first but I hope it’s the second because fucking good. Healthcare should not be designed to create the greatest profit for shareholders, it should be designed with the biggest goal being to heal people.

[–] carpoftruth@hexbear.net 11 points 1 month ago

If you want to actually run this down, before you speculate about UH you should look at how comparable health insurance stocks have moved during the same period of say the last 3 months. This kind of "x company dropped $y in market cap following z!!" story often conflates large scale market movements with specific events like Luigi.