 |
Financial Highlights
|
Balance Sheet |
Statutory basis |
|
We Have |
|
2008 |
2007 |
|
|
|
Cash and Investments |
$696,360,000 |
$732,546,000 |
|
Accounts Receivable |
141,743,000 |
174,327,000 |
|
Property and Equipment |
28,868,000 |
28,160,000 |
|
Prepaids and Other Assets |
24,808,000 |
22,709,000 |
|
Total Assets: |
|
$891,779,000 |
$957,742,000 |
|
We Owe |
|
2008 |
2007 |
|
|
|
Claims Payable |
$181,677,000 |
$173,260,000 |
|
Unearned Premiums |
12,613,000 |
10,771,000 |
|
Accounts Payable and Other Liabilities |
234,092,000 |
262,379,000 |
|
Total Liabilities: |
|
$428,382,000 |
$446,410,000 |
|
We Have Set Aside |
|
2008 |
2007 |
|
|
|
Unallocated Reserves* |
463,397,000 |
511,332,000 |
Total Liabilities and
Unallocated Reserves: |
|
$891,779,000 |
$957,742,000 |
|
|
|
2008 |
2007 |
|
|
|
Premium Income |
$1,070,657,000 |
$981,830,000 |
|
Investment Income |
12,040,000 |
30,728,000 |
|
Other Income (Expense) |
(1,459,000) |
(286,000) |
|
Total Income: |
$1,081,238,000 |
$1,012,272,000 |
|
|
|
|
|
|
|
Claims Incurred |
$888,869,000 |
837,627,000 |
|
Increase (Decrease) in Policy Reserves |
4,769,000 |
(13,900,000) |
|
Operating Expenses |
145,777,000 |
143,207,000 |
|
Total Expenses: |
$1,039,415,000 |
$966,934,000 |
|
|
|
|
|
|
|
Net Income Before Tax |
$41,823,000 |
$45,338,000 |
|
Federal Income Tax |
19,631,000 |
17,059,000 |
|
Net Income After Tax: |
$22,192,000 |
$28,279,000 |
*
Unallocated Reserves includes Arkansas Blue Cross' share of the equity of its affiliates
and represents $1,113.41 per insured member.
|
|