 |
|
|
Financials
Wellmark, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet
December 31, 2007 and 2006
|
| Assets |
2007 |
2006 |
| |
(Dollars
in Thousands) |
| Cash and
Investments |
$1,631,223 |
$1,576,021 |
| Premium Receivables |
$115,273 |
$126,784 |
| Other Receivables |
$113,769 |
$90,017 |
| Property and Equipment, net |
$86,087 |
$55,450 |
| Other Assets |
$71,608 |
$78,141 |
| Total Assets |
$2,017,961 |
$1,926,413 |
|
|
|
| Liabilities |
|
|
| Unpaid Claims |
$362,340 |
$311,516 |
| Unearned
Premiums |
$157,430 |
$145,070 |
| Other Liabilities |
$286,811 |
$299,576 |
| Total
Liabilities |
$806,581 |
$756,162 |
| Minority Interest |
$11,700 |
$8,762 |
| Surplus |
|
|
| Unallocated Surplus |
$1,114,348 |
$1,056,865 |
| Unrealized Market Gains (Losses) on Securities, net |
$102,879 |
$104,624 |
| Pension & Other Postretirement Employee Benefit Obligation |
$(17,547) |
$1,161,489 |
| Total Surplus |
$1,199,680 |
$1,161,489 |
| Total Liabilities and Surplus |
$2,017,961 |
$1,926,413 |
As derived from the consolidated audited financial statements of Wellmark,
Inc. and Subsidiaries. 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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