Net income at Regence is placed in the company’s capital reserves to ensure it is able to pay member claims.
“As a taxpaying nonprofit, this critical safety net is Regence’s only source of funds for investments, cyber defense and paying higher than expected medical costs,” the company wrote March 1.
2022 earnings:
BCBS Oregon
Revenue: $2.66 billion
Net income: $215.4 million
Total membership: 972,000
Blue Shield of Washington
Revenue: $2.13 billion
Net income: $17 million
Total membership: 1.48 million
Blue Shield of Idaho
Revenue: $498 million
Net income: $20.9 million
Total membership: 273,000
BCBS Utah
Revenue: $1.19 billion
Net income: $15.4 million
Total membership: 694,000
