Pittsburgh-based Highmark Health reported $24.6 billion in revenue, a $204 million operating loss, and a $69 million net loss in the first nine months of the year.
Allegheny Health Network reported revenue of $4.2 billion during the period and an operating income of $79 million. AHN’s net EBITDA was $287 million for the nine-month period.
Highmark Health Plans reported $18.7 billion in operating revenue and a $211 million operating loss for the period. Elevated utilization and claims trends are expected to persist industry-wide into 2026.
United Concordia Dental reported $1.4 billion in operating revenue and $64 million in operating income. HM Insurance Group reported $1 billion in operating revenue and a $35 million operating loss due to an increase in frequency and severity of high-dollar claims,which are expected to continue.
