UNITEDHEALTH GROUP INC

Jurisdiction Analysis - Where are the 2327 subsidiaries incorporated?

2327

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

35.9%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

72431.1%

724

Texas

1787.6%

178

Florida

1325.7%

132

Louisiana

954.1%

Tennessee

813.5%

California

693.0%

Kentucky

662.8%

Ohio

602.6%

Chile

512.2%

Arkansas

492.1%

Alabama

441.9%

New York

431.8%

Colorado

421.8%

Georgia

421.8%

Virginia

371.6%

Arizona

371.6%

NevadaLow-Tax

341.5%

North Carolina

331.4%

Pennsylvania

321.4%

New JerseyTax Haven

311.3%

Maryland

311.3%

United Kingdom

231.0%

Missouri

220.9%

Mississippi

210.9%

Illinois

210.9%

Washington

200.9%

West Virginia

200.9%

Indiana

180.8%

Michigan

180.8%

South Carolina

170.7%

IrelandLow-Tax

170.7%

Connecticut

160.7%

Minnesota

150.6%

Wisconsin

120.5%

Peru

120.5%

Utah

120.5%

Oklahoma

110.5%

Oregon

110.5%

Colombia

100.4%

Idaho

100.4%

Nebraska

90.4%

New Hampshire

80.3%

LuxembourgLow-Tax

80.3%

Rhode Island

70.3%

Massachusetts

70.3%

WyomingLow-Tax

70.3%

Canada

60.3%

New Mexico

60.3%

Maine

50.2%

Cayman IslandsTax Haven

40.2%

NetherlandsLow-Tax

40.2%

Alaska

30.1%

Iowa

30.1%

Puerto Rico

30.1%

Phillipines

30.1%

BarbadosTax Haven

20.1%

District of Columbia

20.1%

Telangana

20.1%

Karnataka

20.1%

Brazil

20.1%

Hawaii

20.1%

New Zealand

10.0%

New South Wales

10.0%

Kenya

10.0%

Australia

10.0%

Tamil Nadu

10.0%

Tanzania

10.0%

Kansas

10.0%

Montana

10.0%

Hong KongTax Haven

10.0%

SingaporeLow-Tax

10.0%

Victoria

10.0%

Uttar Pradesh

10.0%

South DakotaLow-Tax

10.0%

DubaiTax Haven

10.0%

Turks and CaicosTax Haven

10.0%

Understanding the Chart

• Bars show number of subsidiaries per jurisdiction
• Red = High-risk tax havens (Cayman Islands, Luxembourg, etc.)
• Yellow = Moderate tax jurisdictions (Singapore, Hong Kong, etc.)
• Blue = Standard jurisdictions

Why This Matters

• Companies choose jurisdictions strategically for tax optimization
• High concentration in tax havens may indicate aggressive tax planning
• Helps investors understand corporate tax strategy
• Data sourced from SEC 10-K Exhibit 21 filings

Back to UNITEDHEALTH GROUP INC

UNITEDHEALTH GROUP INC

Jurisdiction Analysis - Where are the 2327 subsidiaries incorporated?

2327

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

35.9%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

72431.1%

724

Texas

1787.6%

178

Florida

1325.7%

132

Louisiana

954.1%

Tennessee

813.5%

California

693.0%

Kentucky

662.8%

Ohio

602.6%

Chile

512.2%

Arkansas

492.1%

Alabama

441.9%

New York

431.8%

Colorado

421.8%

Georgia

421.8%

Virginia

371.6%

Arizona

371.6%

NevadaLow-Tax

341.5%

North Carolina

331.4%

Pennsylvania

321.4%

New JerseyTax Haven

311.3%

Maryland

311.3%

United Kingdom

231.0%

Missouri

220.9%

Mississippi

210.9%

Illinois

210.9%

Washington

200.9%

West Virginia

200.9%

Indiana

180.8%

Michigan

180.8%

South Carolina

170.7%

IrelandLow-Tax

170.7%

Connecticut

160.7%

Minnesota

150.6%

Wisconsin

120.5%

Peru

120.5%

Utah

120.5%

Oklahoma

110.5%

Oregon

110.5%

Colombia

100.4%

Idaho

100.4%

Nebraska

90.4%

New Hampshire

80.3%

LuxembourgLow-Tax

80.3%

Rhode Island

70.3%

Massachusetts

70.3%

WyomingLow-Tax

70.3%

Canada

60.3%

New Mexico

60.3%

Maine

50.2%

Cayman IslandsTax Haven

40.2%

NetherlandsLow-Tax

40.2%

Alaska

30.1%

Iowa

30.1%

Puerto Rico

30.1%

Phillipines

30.1%

BarbadosTax Haven

20.1%

District of Columbia

20.1%

Telangana

20.1%

Karnataka

20.1%

Brazil

20.1%

Hawaii

20.1%

New Zealand

10.0%

New South Wales

10.0%

Kenya

10.0%

Australia

10.0%

Tamil Nadu

10.0%

Tanzania

10.0%

Kansas

10.0%

Montana

10.0%

Hong KongTax Haven

10.0%

SingaporeLow-Tax

10.0%

Victoria

10.0%

Uttar Pradesh

10.0%

South DakotaLow-Tax

10.0%

DubaiTax Haven

10.0%

Turks and CaicosTax Haven

10.0%

Understanding the Chart

• Bars show number of subsidiaries per jurisdiction
• Red = High-risk tax havens (Cayman Islands, Luxembourg, etc.)
• Yellow = Moderate tax jurisdictions (Singapore, Hong Kong, etc.)
• Blue = Standard jurisdictions

Why This Matters

• Companies choose jurisdictions strategically for tax optimization
• High concentration in tax havens may indicate aggressive tax planning
• Helps investors understand corporate tax strategy
• Data sourced from SEC 10-K Exhibit 21 filings