Highmark Health in its year-end financials reported a revenue increase of 18% to $26 billion in 2022, along with net earnings of $47 million. The organization’s positive performance across its insurance business and improved health outcomes were cited as key drivers of revenue growth. Highmark said that while it saw a net operating loss of $346 million for the year, this was offset by income from investments. The organization also disclosed that it held $11 billion in cash and investments, as well as $9 billion in net assets as of Dec. 31, 2022. Highmark is currently the largest insurer in Pennsylvania, serving 2,356,066 members.
Source: AIS’s Directory of Health Plans