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Kaiser Foundation Health Plan and Hospitals Report Fourth Quarter and Fiscal Year 2009 Financial Results
Date:2/12/2010

OAKLAND, Calif., Feb. 12 /PRNewswire/ -- Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries (KFHP/H) reported today a combined total operating revenue of $10.6 billion for the quarter ended Dec. 31, 2009, compared to $10.0 billion in the same period in 2008. Operating income was $214 million, equal to two percent of revenue, in the fourth quarter of 2009, compared to $108 million in the same quarter of the prior year. Net non-operating income was $276 million in the fourth quarter of 2009, compared to a net non-operating loss of $1.1 billion in the same quarter of 2008. As a result, net income for the fourth quarter was $490 million, versus a net loss of $996 million in the same period of 2008. These represent the combined operating results for Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries.

Operating income in 2009 is comparable to 2008 performance. Operating income for 2009 was $1.6 billion, equal to 3.8 percent of revenue, compared to $1.5 billion, equal to 3.6 percent of revenue, in 2008. The improvement in the financial markets resulted in net non-operating income of $524 million in 2009, compared to a net non-operating loss of $2.3 billion in 2008. As a result, net income for 2009 was $2.1 billion, versus a net loss of $794 million in the prior year.  While 2009 net income improved based on the partial financial market recovery, the overall p
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SOURCE Kaiser Permanente
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