California Health Insurers Bring in $105B in Revenue in 2010

Health insurers in California recorded $105 billion in revenue in 2010, and five carriers — Kaiser Permanente, Anthem Blue Cross, Health Net, Blue Shield of California and United Healthcare — accounted for 75 percent of that total, according to a California HealthCare Foundation report.

Despite overall losses in enrollment, most California insurers also were profitable in 2010, according to the report. Some of the report's key findings include the following:

•    Six of the state's seven largest insurers within the state's Department of Managed Health Care posted positive net income. These included UnitedHealthcare, Kaiser, Anthem Blue Cross, Blue Shield of California, Aetna and Health Net. UnitedHealthcare had the largest profit margin at 4.9 percent.
•    All six of the state's major insurers with California Department of Insurance health plans posted positive net income. These included Aetna, Cigna, UnitedHealthcare, Anthem Blue Cross, Health Net and Blue Shield of California. Aetna had the largest profit margin at 8 percent.
•    Three of the state's largest health insurers paid at least 4.4 percent of their dividends to stockholders. Aetna paid 12.6 percent of its revenue to stockholders, the highest of all insurers.

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