In a 5% year-over-year increase, Highmark Health reported $27.1 billion in revenue, an operating gain of $338 million, and a net income of $533 million in 2023.

The organization attributed the results to its insurance business units, notably Highmark Health Plans, United Concordia Dental and HM Insurance Group, which it said are driven by steady membership, more affordable product options and better health outcomes, on top of positive investment market performance.