Eight key takeaways from the report:
- Total revenue was $24.7 billion in 2021, up $2.9 billion or 13.3 percent from 2020.
- Healthcare funds under management were $34.5 billion in 2021, up from $29.5 billion in 2020.
- Revenue growth was partially offset by ongoing COVID-19 support, which totaled over $600 million in 2021.
- Independence received five out of give stars from CMS for the Independence Blue Cross Keystone 65 HMO plan and 4.5 stars for the Personal Choice 65 PPO plan.
- Independence made $50 million in foundation contributions to communities in 2021.
- Net income in 2021 was $816 million, partially because of strong net investment income of $248 million, pretax.
- Net income margin in 2021 was 3.3 percent of total revenue, up from 2.8 percent in 2020.
- Independence paid more than $900 million total in federal, state and local non-payroll taxes, and state premium taxes and other Affordable Care Act-related taxes and fees.
