Revenue increased 13% year over year to $10.5 billion while expenses grew by 10.5% to $10.6 billion, according to financial documents published March 21.
Salaries and benefits increased 9.9% to $4.5 billion and supply expenses increased 14% to $1.7 billion.
After accounting for nonoperating items, such as investment returns, SSM posted a net profit of $252.6 million in 2023, compared to a net loss of $464.6 million in 2022.
