 |
|
|
Wellmark, Inc. and Subsidiaries Condensed Consolidated Balance Sheet
December 31, 2008 and 2007
| Assets |
2009 |
2008 |
|
|
(Dollars in Thousands)
|
| Cash and Investments |
$1,405,702
|
$1,196,692
|
|
Premium Receivables
|
$133,956
|
$100,527
|
|
Other Receivables
|
$76,498
|
$88,724
|
|
Real Estate
|
$172,542
|
$81,315
|
|
Property and Leasehold Improvements
|
$32,947
|
$36,946
|
|
Other Assets
|
$107,394
|
$179,686
|
|
Total Assets
|
$1,929,039
|
$1,683,890
|
| Liabilities |
|
|
| Unpaid Claims |
$358,513
|
$364,660
|
| Unearned Premiums |
$202,314 |
$170,240 |
| Other Liabilities |
$245,114
|
$219,973
|
| Debt Payable |
$125,000 |
- |
| Total Liabilities |
$930,941 |
$754,873 |
| Total Reserves |
$998,098
|
$929,017
|
| Total Liabilities and Reserves |
$1,929,039
|
$1,683,890
|
As derived from the consolidated audited financial statements of Wellmark, Inc. and Subsidiaries.
| Surplus |
|
| Unallocated Surplus |
$937,455
|
| Unrealized Market Gains (Losses) on Securities, net |
$92,600 |
| Pension & Other Postretirement Employee Benefit Obligation |
$(47,813) |
| Noncontrolling Interest |
$15,856 |
| Total Surplus |
$998,098 |
The Blue Cross and Blue Shield Association licenses Wellmark, Inc. to offer certain products and services under the BLUE CROSS® and BLUE SHIELD® brand names. Wellmark, Inc. is an independent organization governed by its own board of directors and solely responsible for its own debts and other obligations. Neither the Association nor any other organization using the BLUE CROSS® and BLUE SHIELD® brand names acts as a guarantor of Wellmark, Inc.’s obligations.
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