Blue Shield of California reported a net income of $103 million in 2024, down more than 20% from $130 million in 2023.
In 2024, the company’s total revenue was $27.4 billion, up 8.2% year over year.
The company’s operating expenses rose more than 8% to $27.3 billion in 2024.
For every premium dollar collected in 2024, Blue Shield spent 88 cents on healthcare, 11 cents on administrative expenses, and 1 cent on taxes and fees.
