The CEO of one of America’s largest health insurers was shot dead in Manhattan on Wednesday morning.
Brian Thompson, 50, CEO of UnitedHealthcare, was shot outside the downtown hotel where its parent company, UnitedHealth Group (UNH), was scheduled to hold its investor conference.
UnitedHealth CEO Andrew Witty stopped the conference shortly after 9 a.m. ET, telling the crowd, “We are dealing with a very serious medical situation.” according to Bloomberg.
The NYPD confirmed a shooting at the New York Hilton Midtown address, where the UnitedHealth conference was scheduled to begin at 8 a.m. ET. Police said the victim was later pronounced dead at a Manhattan hospital.
Thompson was named CEO of UnitedHealthcare in April 2021 and previously held other leadership positions, including head of UnitedHealthcare’s government programs and Medicare and pensions. He joined UnitedHealth Group in 2004.
Shares of UnitedHealth rose 1% early Wednesday after the company announced 2025 financial targets Tuesday, showing adjusted earnings per share will rise to $29.50-$30.00 from $27.50-$27.75 in 2024 .
Yahoo Finance’s Rachel Sherman contributed to this story.
This is a breaking news story. Updates to follow.
Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban.
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