Independence Health Group, the parent company of Independence Blue Cross, posted a $423 million net loss in 2025, according to an April 9 news release.
Independence attributed the loss to “increased affordability pressure,” citing higher utilization, care complexity and pharmacy spending.
The company’s year-end revenue reached $36.3 billion in 2025, a 13% year-over-year increase. Its medical cost ratio dipped slightly in 2025, down to 91.1% from 91.2% in 2024.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
