PITTSBURGH — Highmark Health notched higher revenue and net income in the first half of 2023 compared to the first six months of last year.
The Pittsburgh-based nonprofit, which includes Highmark Blue Cross Blue Shield, Allegheny Health Network and other health and technology businesses, reported on Tuesday revenue of $13.6 billion through June 30. That was up from $12.9 billion in the same period a year ago.
It also reported net income of $389 million, compared to a net loss of $174 million a year ago. It had $200 million in investment gains this year, compared to a $460 million drop in the equity markets in 2022. Operating gain, another key metric, declined to $230 million in 2023 compared to $387 million last year.
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