Highmark Health reports $629 million in consolidated earnings through first two quarters of 2019

Thursday, August 8, 2019 General News
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- Organization sustains financial growth and momentum with significant year over year performance improvement

Consolidated Statement of Operations (unaudited)

(in millions)

 Period ended 

June 2019 

June 2018* 

Operating revenue

$            9,244

$       9,357

Operating Results:

Health Plan

Commercial Business

$               151

$          155

Government Business

269

288

Diversified Businesses

80

82

Allegheny Health Network

19

24

HM Health Solutions

(4)

7

Corporate & Other

(105)

(54)

Operating gain

410

502

Net investment income

160

140

Interest expense

(31)

(33)

Goodwill and intangible impairment

(41)

-

Excess of revenue over expenses before unrealized gains (losses) and income taxes

498

609

Unrealized gains (losses)

208

(7)

Income tax provision

(79)

(50)

Excess of revenue over expenses 

627

552

Noncontrolling interest

(2)

1

Excess of revenue over expenses attributable to parent

$               629

$          551

* Certain 2018 amounts have been reclassified to conform to the 2019 presentation



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