Balance Sheet | Dec. 31, 2020 |
Assets | |
| Cash and Cash Equivalents | $ 39,323 |
| Receivables | 145,705 |
| Investments | 577,504 |
| Land and Buildings | 18,112 |
| EDP Equipment | 1,447 |
| Other Assets | 7,960 |
| Total Assets | $ 790,051 |
Liabilities and Capital & Surplus | |
| Claims Payable | $ 167,451 |
| Premiums Received in Advance | 24,391 |
| Accounts Payable | 140,303 |
| Total Liabilities | 332,145 |
| Capital & Surplus | 457,906 |
Total Liabilities and Capital & Surplus | $ 790,051 |
Statement of Operations | |
Year Ending Dec. 31, 2020 | |
| Premium Income | $ 1,147,120 |
| Claims Incurred | 922,087 |
| Operating Expense | 165,457 |
| State Premium Tax | 17,001 |
| Reserve Increase | 27,000 |
| Operating Gain | $ 15,575 |
| Other Income | 6,248 |
| Income Tax Benefit | 9,454 |
| Net Income | $ 31,277 |
Changes in Policyholder Surplus | |
| Balance, Beginning of Year | $ 444,840 |
| Change in Unrealized Appreciation on Investments | 5,820 |
| Change in Non-Admitted Assets | (10,424) |
| Change in Net Deferred Income Tax | (13,208) |
| Distribution of Investments to Affiliate | (2,000) |
| Change in Pension and Postretirement Benefits | 1,601 |
| Net Income | $ 31,277 |
| Balance, End of Year | $ 457,906 |
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.