In 2008, Kaiser reported a third-quarter loss a net third-quarter loss of $399 million and a $1.1 billion loss on investments for the first nine months of 2008, according to the report. Kaiser credited the strong third quarter this year to a stronger investment climate.
Kaiser Foundation Health Plan, Kaiser Foundation Hospitals and its subsidiaries reported a 2.9 percent jump in total operating revenue for the quarter to $10.5 billion from $10.2 billion for the year-earlier quarter. Operating income for the quarter was $336 million, up 9.4 percent from $307 million in 2008. Non-operating income increased $233 million in 2009 versus a $706 million investment loss in the third quarter of 2008, according to the report.
For the first nine months of 2009, operating revenue was up 4.3 percent to $31.6 billion from $30.3 billion in 2008, and investment income was $248 million.
Read the Business Journal’s report about Kaiser Permanente’s third-quarter profits.
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