Point32Health Announces Third Quarter Financial Results
Point32Health today reported an adjusted net income of $77.9 million for the nine months ended September 30, 2022.
Canton, MA – Point32Health today reported an adjusted net income of $77.9 million for the nine months ended September 30, 2022. Adjusted net income includes an operating loss of $4.6 million, taxes of $2.4 million and investment income of $84.9 million, excluding market-to-market investment gains and losses on equity securities, with revenues of $7.25 billion. Membership was 2.2 million. Unrealized losses on equity securities for the nine months ended September 30, 2022 were $315 million.
Point32Health is a leading health and wellbeing organization, delivering an ever-better health care experience to everyone in our communities. Building on the quality, nonprofit heritage of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care, we leverage our experience and expertise to help people find their version of healthier living through a broad range of health plans and tools that make navigating health and wellbeing easier.
Our programs take a 360-degree view of health for our members—no matter their age, health, race, identity or income—and our Foundation and Institute work to improve population health. We use empathy to understand what’s important to those we serve, always making their priorities our own. And we work to guide and empower people by bringing together wide-ranging partners and perspectives to create new approaches that make a real difference for both our industry and our 2.2 million members across New England.