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.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
