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Highmark sees revenue gains, but inflation losses and labor costs lead to loss

Posted On: Mar. 21, 2023 10:08 AM CST

Highmark Inc.’s revenue grew 18% in 2022 to $26 billion, but it also recorded a $346 million net loss due to unrealized investment losses, Fierce Healthcare reports. The Pittsburgh-based insurer said growth is backed by the performance of its health plan and other diversified businesses, such as United Concordia Dental. Highmark overall posted an operating gain of $440 million and net earnings of $47 million when excluding unrealized investment impact.