Insurance companies did quite well this year. Here is their report thru 3rd quarter 2024. [View all]
For number crunching folks who can make sense of it all.
Still making BIllions off the backs of the sick.
U.S. Health Insurance Industry Analysis Report
HEALTH INDUSTRY OVERVIEW
Table 1 below provides a 5-year quarterly snapshot of the U.S. Health
insurance industrys aggregate financial results for health entities who file
with the NAIC on the health quarterly statement blank. The health
insurance industry reported an underwriting gain of over $12 billion, a 31%
decline from approximately $18 billion for the same period a year earlier.
Similarly, net income decreased 14% to approximately $16 billion for the
first six months of 2024 compared to the same period in the prior year. The
industrys profit margin decreased moderately to 2.7% from 3.3%, while the
combined ratio increased by a moderate 110 basis-points.
Notable items as compared to second quarter 2023 include the following:
Hospital & medical expenses increased 7% ($35 billion)
Net earned premium increased 5% ($29 billion)
Administrative expenses increased 2% ($2 billion)
Enrollment decreased 3% (9 million)
Cash flow from operations dropped 86% to $9 billion from $67 billion
Capital and surplus increased 4% ($9 billion) to over $224 billion from $215 billion at December 31, 2023
Much MUCH more at link
.9 pages
https://content.naic.org/sites/default/files/health-2024mid-year-industry-report.pdf