Financial Summary (2009)

Balance Sheet

Statutory basis

We Have			2009	2008
	Cash and Investments	$712,567,000	$696,360,000
	Accounts Receivable	153,211,000	141,743,000
	Property and Equipment	36,092,000	28,868,000
	Prepaids and Other Assets	50,003,000	24,808,000
Total Assets:			$951,873,000	$891,779,000

 

We Owe			2009	2008
	Claims Payable	$199,120,000	$181,677,000
	Unearned Premiums	13,487,000	12,613,000
	Accounts Payable and Other Liabilities	256,762,000	234,092,000
Total Liabilities:			$469,369,000	$428,382,000

 

We Have Set Aside			2009	2008
	Unallocated Reserves*	482,504,000	463,397,000
Total Liabilities and Unallocated Reserves:			$951,873,000	$891,779,000

 

Summary of Operations

			2009	2008
	Premium Income	$1,148,299,000	$1,070,657,000
	Investment Income	18,852,000	12,040,000
	Other Income (Expense)	(1,050,000)	(1,459,000)
Total Income:		$1,166,101,000	$1,081,238,000

	Claims Incurred		$948,689,000	$888,869,000
	Increase (Decrease) in Policy Reserves		13,920,000	4,769,000
	Operating Expenses		167,413,000	145,777,000
Total Expenses:			$1,130,022,000	$1,039,415,000

	Net Income Before Tax		$36,079,000	$41,823,000
	Federal Income Tax		12,028,000	19,631,000
Net Income After Tax:			$24,051,000	$22,192,000

^* * Unallocated Reserves includes Arkansas Blue Cross’ share of the equity of its affiliates and represents $1,163.74 per insured member.