2025 Annual Report
2025 Annual Report
Delivering value-based care that reaches further
In 2025, Kaiser Permanente continued to deliver high-quality, affordable, value-based care while improving the health of the communities we serve. Across the organization, we focused on what matters most to patients and members: better outcomes, easier access, and more connected care. Our integrated model helped drive strong performance in quality ratings, cancer care, mental health care, digital access, and equitable health outcomes — while our care teams, employees, and physicians continued to put people first every day.
We also expanded our impact beyond traditional care delivery. In our communities, we invested in affordable coverage, food security, housing, disaster response, and public health. We kept advancing technology and advocating for the responsible use of artificial intelligence to help improve care experiences and convenience. We supported our workforce by providing career development, mental health resources, and labor-management collaboration. And through Risant Health, we continued extending the reach of value-based care to more communities.
Together, these efforts — supported by solid financial performance and continued investment in facilities, technology, and community health — reflect how we’re carrying our mission forward.
Financials
These financial results are for Kaiser Foundation Health Plan, Kaiser Foundation Hospitals, Risant Health, and their respective subsidiaries and affiliates.
$127.7 billion
$1.4 billion
Operating income
$9.3 billion
Net income
$4.8 billion
$5.3 billion
Total community health investment
About Kaiser Permanente
Greg A. Adams
Chair
Ramón F. Baez
David J. Barger
Regina M. Benjamin, MD, MBA
Jeff Epstein
Leslie S. Heisz
David F. Hoffmeister
Judith A. Johansen, JD
Jonathan S. Lewin, MD
Jenny J. Ming
Matthew T. Ryan
Maria S. Salinas
Richard P. Shannon, MD
Vivek Sharma
Cynthia A. Telles, PhD
Eugene Washington, MD, MPH
Greg A. Adams
Chair and Chief Executive Officer
Craig Albanese
President, Integrated Care and Coverage
Yazdi Bagli
Executive Vice President, Enterprise Business Services
Jackie Baratian
Senior Vice President and Chief Compliance and Privacy Officer
Vanessa M. Benavides
Executive Vice President and Chief Legal Officer
Andrew Bindman, MD
Executive Vice President and Chief Medical Officer
Mike Bowers
Regional President, Northern California
Bechara Choucair, MD
Executive Vice President and Chief Health Officer
Brandon Cuevas
Executive Vice President, National Health Plan
Tom Curtin
Senior Vice President and Commercial Chief Growth Officer
Cynthia Dold
Regional President, Washington
Cortney Eisses
Interim Regional President, Colorado
Michelle Gaskill-Hames
Regional President, Southern California and Hawaii
Sam Glick
Executive Vice President, Enterprise Strategy and Business Development
Corwin Harper
Regional President, Georgia
Catherine Hernandez
Senior Vice President and Chief Communications Officer
Emily Holliman
Interim Regional President, Mid-Atlantic States
Greg Holmes
Executive Vice President and Chief Human Resources Officer
Jeff Krawcek, MD
Executive Vice President and Chief Executive Officer, KP Medical Foundation
Kathy Lancaster
Executive Vice President and Chief Financial Officer
Paul Minardi, MD
Executive Vice President, Enterprise Clinical Integration and Growth
Carrie Owen Plietz
Group Senior Vice President and Chief Operating Officer, Care Delivery
Michael Ramseier
Senior Vice President, National Health Plan Markets
Paul Swenson
Senior Advisor
Wendy Watson
Regional President, Northwest
Jeff Krawcek, MD
Executive Vice President and Chief Executive Officer
Binesh Batra, MD
Chief Operating Officer
Jessica Bidlingmaier
Vice President, Human Resources
Christopher Cable, MD
Chief Clinical Officer
Dale Gold, MD
Chief Medical Informatics Officer
Abigail Miller
Vice President, Practice Performance, Consulting, and Care Delivery Analytics
Julie Kwong Smith
Vice President and Chief Financial Officer
Maria Ansari, MD, FACC
CEO and Executive Director, The Permanente Medical Group; President and CEO, Mid-Atlantic Permanente Medical Group; and CEO, Northwest Permanente
Nkem Chukwumerije, MD, MPH, FACP
President and Executive Medical Director, The Southeast Permanente Medical Group
Ramin Davidoff, MD
Executive Medical Director and Chair of the Board, Southern California Permanente Medical Group; Chair of the Board and CEO, The Southeast Permanente Medical Group; and Chair of the Board and CEO, Hawaii Permanente Medical Group
Leong Koh, MD
Executive Medical Director, Northwest Permanente
Greg Berman, MD
Interim President and Executive Medical Director, Colorado Permanente Medical Group
Dorian Reid, MD
Interim CEO and Executive Medical Director, Washington Permanente Medical Group
Maria Ansari, MD, FACC
Co-CEO
Ramin Davidoff, MD
Co-CEO
Letitia Bridges, MD, MBA
Executive Vice President and Chief Quality Officer
Anne V. Cadwell
Chief Financial and Administrative Officer
Nolan Chang, MD
Executive Vice President, Strategy, Corporate Development, and Finance
Chris Grant
Executive Vice President and Chief Operating Officer
Brian Hoberman, MD
Executive Vice President, Information Technology, and Chief Information Officer
Stephen Parodi, MD
Executive Vice President, External Affairs, Communications, and Brand
Katherine Saral
Chief Legal Officer and Chief Compliance Officer
All data shown in this report is as of December 31, 2025.