Google’s fastest-growing business is insuring companies against their workers’ health
I’ve heard people joke that Google only has a couple of successful businesses, primarily advertising. But it may have found another hit: insuring other companies against their workers’ potentially pricey medical care.
The Information is reporting that its healthcare company, Verily, more than doubled its revenue to become the biggest Alphabet subsidiary after Google proper — and that its health insurance business, Granular, is the biggest contributor to that growth. Granular’s revenue “rose nearly sixfold through the first nine months of last year to $151 million, from $27 million a year earlier,” writes The Information.
Exclusive: Google parent company Alphabet has never broken out financials of individual “other bets.” So here are...