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Blue Cross and Blue Shield of Minnesota Reports 2022 Financial Results

/PRNewswire/ The Blue Cross and Blue Shield of Minnesota (Blue Cross) family of companies today announced audited financial results for 2022. The. ....

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Blue Cross and Blue Shield of Minnesota Reports 2021 Financial Results

/PRNewswire/ The Blue Cross and Blue Shield of Minnesota (Blue Cross) family of companies today announced audited financial results for 2021. For the year,. ....

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Blue Cross Blue Shield parent diversifies with asset management

The parent of Blue Cross and Blue Shield of Minnesota is continuing its push for revenue through diversification. ....

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AM Best Places Credit Ratings of MII Life Insurance, Incorporated Under Review With Negative Implications

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Places Credit Ratings of MII Life Insurance, Incorporated Under Review With Negative Implications
April 14, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 14, 2021
AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of MII Life Insurance, Incorporated (MII Life) (Eagan, MN).
This Credit Rating (ratings) action follows the recent announcement that HealthEquity, Inc. [NASDAQ: HQY] has entered into an agreement to acquire MII Life for $500 million. The transaction is expected to close in the third quarter of 2021, subject to regulatory and other closing conditions. AM Best will continue to hold discussions with MII Life’s management and monitor it balance sheet strength, operating performance, business profile and enterprise risk management. In addition, MII Life ....

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Blue Cross and Blue Shield of Minnesota Reports 2020 Financial Results

Blue Cross and Blue Shield of Minnesota Reports 2020 Financial Results
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EAGAN, Minn., April 1, 2021 /PRNewswire/ The Blue Cross and Blue Shield of Minnesota (Blue Cross) family of companies today announced audited financial results for 2020. The organization reported operating income of $128 million on $13.2 billion in total revenue, for an operating margin of less than one percent. A pre-tax net income of $244 million was largely driven by the recovery of federal government payments owed through an Affordable Care Act (ACA) program designed to offset health plan operating losses. Audited results for 2020 include the consolidated financial statements for businesses operating under Aware Integrated, Inc. (AII), a nonprofit corporation and parent organization. ....

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