Kaiser Reports 2016 Earnings

Kaiser Reports 2016 Earnings

Kaiser Permanente reported significantly higher earnings for calendar 2016, much of it due to the improved performance of its investments.

            The Oakland-based Kaiser, which is a not-for-profit, reported net income of $3.1 billion in calendar 2016 on revenue of $64.6 million. For 2015, it reported net income of $1.9 billion on revenue of $60.6 billion.

            The 60% boost in the bottom line is attributed primarily to the $1.2 billion reported in net non-operating income. In 2015 that total was $102 million in 2015.

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