Financial Statement


Balance Sheet December 31, 2018
Cash & Cash Equivalents $ 16,844,000
Accounts Receivable 146,430,000
Investments 563,603,000
Land and Buildings 19,793,000
EDP Equipment 3,359,000
Other Assets 43,586,000
Total Assets $ 793,615,000
Liabilities & Reserves  
Claims Payable $ 163,360,000
Premiums Received in Advance 19,002,000
Accounts Payable 115,511,000
Total Liabilities 297,873,000
Reserve for Contingencies 495,742,000
Total Liabilities and Reserve $ 793,615,000
Statement of Operations

Year ending

Dec. 31, 2018

Premium Income $ 1,185,019,000
Claims Incurred 1,047,950,000
Operating Expense 196,633,000
State Premium Tax 18,531,000
Operating Gain/(Loss) (78,095,000)
Other Income/(Loss) 14,369,000
Income Tax Provision 33,203,000
Net Income $ (30,523,000)
Changes in Reserves for Contingencies  
Prior year balance $ 541,225,000
Change in Unrealized Gain/(Loss) (1,347,000)
Change in Non-Admitted Assets 3,388,000
Change in Net Deferred Income Tax (22,281,000)
Change in Pension and
Postretirement Benefits
Net Income (Loss) to Date (30,523,000)
End of Year balance $ 495,742,000


Blue Cross Blue Shield of North Dakota is a mutual not-for-profit organization and reports its financials in accordance with that structure.

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.