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Financial Highlights
Financial Summary (2010)
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Balance Sheet |
Statutory basis |
|
We Have |
2010 |
2009 |
|
|
Cash and Investments |
$877,535,000 |
$712,567,000 |
|
Accounts Receivable |
167,077,000 |
153,211,000 |
|
Property and Equipment |
33,387,000 |
36,092,000 |
|
Prepaids and Other Assets |
60,983,000 |
50,003,000 |
|
Total Assets: |
$1,138,982,000 |
$951,873,000 |
|
We Owe |
2010 |
2009 |
|
|
Claims Payable |
$221,919,000 |
$199,120,000 |
|
Unearned Premiums |
12,306,000 |
13,487,000 |
|
Accounts Payable and Other Liabilities |
332,710,000 |
256,762,000 |
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Total Liabilities: |
$566,935,000 |
$469,369,000 |
|
We Have Set Aside |
2010 |
2009 |
|
|
Unallocated Reserves* |
572,047,000 |
482,504,000 |
Total Liabilities and
Unallocated Reserves: |
$1,138,982,000 |
$951,873,000 |
|
2010 |
2009 |
|
|
Premium Income |
$1,197,934,000 |
$1,134,379,000 |
|
Investment Income |
14,815,000 |
18,852,000 |
|
Other Income (Expense) |
(3,465,000) |
(1,050,000) |
|
Total Income: |
$1,209,284,000 |
$1,152,181,000 |
|
Claims Incurred |
$970,819,000 |
$948,689,000 |
|
Increase (Decrease) in Policy Reserves |
5,858,000 |
0 |
|
Operating Expenses |
151,067,000 |
167,413,000 |
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Total Expenses: |
$1,127,744,000 |
$1,116,102,000 |
|
Net Income Before Tax |
$81,540,000 |
$36,079,000 |
|
Federal Income Tax |
18,197,000 |
12,028,000 |
|
Net Income After Tax: |
$63,343,000 |
$24,051,000 |
* Unallocated Reserves includes Arkansas Blue Cross' share of the equity of its affiliates and represents $1,344.97 per insured member.
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