Balance Sheet |
Dec. 31, 2019 |
Assets |
|
Cash and Cash Equivalent |
$ 43,064 |
Receivables |
148,481 |
Investments |
527,819 |
Land and Buildings |
18,841 |
EDP Equipment |
1,791 |
Other Assets |
25,785 |
Total Assets |
$ 765,781 |
|
|
Liabilities and Capital & Surplus |
|
Claims Payable |
$ 164,703 |
Premiums Received in Advance |
26,727 |
Accounts Payable |
129,511 |
Total Liabilities |
320,941 |
Capital & Surplus |
444,840 |
Total Liabilities and Capital & Surplus |
$ 765,781 |
Statement of Operations |
|
Year Ending Dec. 31, 2019 |
|
Premium Income |
$ 1,204,635 |
Claims Incurred |
1,058,191 |
Operating Expense |
172,149 |
State Premium Tax |
18,887 |
Operating Loss |
(44,592) |
Other Income |
19,573 |
Income Tax Benefit |
31,113 |
Net Income |
$ 6,094 |
|
|
Changes in Policyholder Surplus |
|
Balance, Beginning of Year |
$ 495,742 |
Change in Unrealized Appreciation on Investments |
14,650 |
Change in Non-Admitted Assets |
(10,702) |
Change in Net Deferred Income Tax |
(16,432) |
Distribution of Investments to Affliate |
(40,310) |
Contribution of Investment Pooling Funds to Affliate |
(10,000) |
Change in Pension and Postretirement Benefits |
5,798 |
Net Income |
6,094 |
Balance, End of Year |
$ 444,840 |
The Blue Cross and Blue Shield Association licenses Blue Cross Blue Shield of North Dakota (BCBSND) to offer certain products and services under the BLUE CROSS® and BLUE SHIELD® brand names. BCBSND is an independent organization governed by its own Board of Directors, and responsible for its own obligations. A copy of BCBSND's most recent audited financial statement is available on request to BCBSND.