Blue Cross Blue Shield of Arizona recorded a net loss of $335.2 million in 2025, according to regulatory filings.
The insurer posted a loss of $162.2 million in 2024 and $85.4 million in net income in 2023.
BCBS Arizona reported total assets of $2.68 billion as of year-end 2025, with capital and surplus of $1.03 billion. The Federal Employees Health Benefits program was the company’s largest line of business by direct premiums written at $1.02 billion, followed by dental at $193.6 million, Medicare supplement at $27.9 million, and Medicare at $5.1 million.
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