Kaiser Foundation Health Plan and Hospitals Report First Quarter 2009 Financial Results

Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries (KFHP/H) reported total operating revenue of $10.6 billion for the quarter ended March 31, 2009, compared to $10.1 billion in the same period last year. Operating income in the first quarter was $624 million, versus $545 million in the first quarter of 2008. Declines in the financial markets impacted KFHP/H's investment portfolio in the first quarter of the year, resulting in net non-operating loss of $194 million, versus net non-operating loss of $295 million in the first quarter of 2008. Net income in the first three months of the year was $430 million, compared to $250 million in the same period last...

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