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Health Insurance Companies with the Most Net Income

Published September 15, 2005, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Health Insurance Companies with the Most Net Income

Health Insurance Companies with the Most Net Income
In 2004. Dollars in thousands
Published September 15, 2005
Related Table: Top 25 Leaders in Income and Growth
Rank   2004 2003 Change
1 Kaiser Foundation Health Plan Inc. Oakland, Calif. $1,610,646 $995,566 61.78%
2 Blue Cross of California Woodland Hills 658,204 459,320 43.30
3 California Physicians Service San Francisco 334,222 314,253 6.35
4 Blue Cross Blue Shield of Massachusetts Boston 242,762 232,309 4.50
5 Blue Cross Blue Shield of Michigan Detroit 238,812 374,497 -36.23
6 Pacificare of California Cypress 232,415 196,194 18.46
7 Empire Healthchoice Assurance Inc. New York 206,805 181,555 13.91
8 Oxford Health Plans of New York Inc. Trumbull, Conn. 204,394 253,655 -19.42
9 Health Insurance Plan of Greater New York 178,889 278,839 -35.85
10 Anthem Health Plans Inc. North Haven, Conn. 169,350 117,063 44.67
11 Humana Medical Plan Inc. Louisville, Ky. 164,861 61,564 167.79
12 Blue Cross Blue Shield of Georgia Inc. Atlanta 151,263 108,748 39.10
13 Blue Cross Blue Shield of North Carolina Inc. Durham 150,141 165,496 -9.28
14 Blue Cross Blue Shield of Tennessee Inc. Chattanooga 148,469 111,839 32.75
15 Scan Health Plan Long Beach, Calif. 140,926 115,712 21.79
16 Horizon Healthcare Services Inc. Newark, N.J. 137,656 142,168 -3.17
17 Aetna Health Inc. Florida Corp. Blue Bell, Pa. 131,282 129,865 1.09
18 Regence Blue Shield Portland, Ore. 122,232 20,750 489.06
19 United Healthcare of Florida Inc. Maitland 119,203 66,044 80.49
20 Excellus Health Plan Inc. Rochester, N.Y. 104,786 161,492 -35.11
21 Oxford Health Insurance Inc. Trumbull, Conn. 98,663 68,117 44.84
22 Health Options Inc. Jacksonville, Fla. 98,273 137,276 -28.41
23 Group Hospitalization and Medical Services Owings Mills, Md. 93,528 72,530 28.95
24 Blue Cross Blue Shield of Arizona Inc. Phoenix 92,560 72,570 27.55
25 Group Health Cooperative Seattle 91,158 187,815 -51.46
26 Blue Cross and Blue Shield of South Carolina Inc. Columbia 89,721 79,721 12.54
27 Mamsi Life and Health Insurance Co. Rockville, Md. 85,057 70,559 20.55
28 Blue Care Network of Michigan Southfield 80,999 53,130 52.45
29 Rocky Mountain Hospital and Medical Denver 75,954 64,863 17.10
30 Empire Healthchoice HMO Inc. New York 75,806 77,440 -2.11
31 Optimum Choice Inc. Rockville, Md. 75,654 47,276 60.03
32 Keystone Health Plan East Inc. Philadelphia 72,889 91,754 -20.56
33 Medical Mutual of Ohio Cleveland 71,289 95,630 -25.45
34 Aetna Health Inc. New York Corp. Blue Bell, Pa. 68,690 131,963 -47.95
35 Avmed Inc. Gainesville, Fla. 68,507 46,150 48.44
36 Premera Blue Cross Seattle 67,479 35,037 92.59
37 Aetna Health Inc. New Jersey Corp. Blue Bell, Pa. 67,023 92,588 -27.61
38 Aetna Health Inc. Pennsylvania Corp. Blue Bell 65,435 52,323 25.06
39 Anthem Health Plans of Kentucky Inc. Mason, Ohio 65,275 60,877 7.22
40 Health Now New York Inc. Buffalo 62,585 55,248 13.28
41 Arkansas Blue Cross and Blue Shield Little Rock 61,856 52,363 18.13
42 QCC Insurance Co. Philadelphia 61,589 99,209 -37.92
43 UnitedHealthcare of Wisconsin Inc. Wauwatosa 60,565 40,427 49.81
44 Optima Health Plan Virginia Beach 60,027 47,389 26.67
45 Kaiser Foundation Health Plan of the North West Portland, Ore. 59,252 41,859 41.55
46 Group Health Service of Oklahoma Inc. Tulsa 56,340 34,939 61.25
47 Amerihealth HMO Inc. Wilmington, Del. 55,227 37,297 48.07
48 Priority Health Grand Rapids, Mich. 53,049 31,328 69.33
49 Horizon Healthcare of New Jersey Inc. Newark 52,604 37,113 41.74
50 Group Health Plan Inc. Earth City, Mo. 52,107 41,715 24.91
51 Aetna Health of California San Ramon 51,915 56,975 -8.88
52 Kaiser Foundation Health Plan Co. Denver 48,028 100,982 -52.44
53 Providence Health Plan Portland, Ore. 47,832 33,249 43.86
54 Independent Health Association Inc. Buffalo 47,294 18,992 149.02
55 Ucare Minnesota Minneapolis 45,718 34,566 32.26
56 Hawaii Medical Service Association Honolulu 45,450 46,987 -3.27
57 Aetna Health Inc. MD Corp. Blue Bell, Pa. 45,116 37,895 19.05
58 HMO dba Blue Plus St. Paul 44,511 13,682 225.32
59 Coventry Health Care of Kansas City Inc. Mo. 43,890 33,741 30.08
60 Aetna Health Inc. Texas Corp. Dallas 43,603 72,360 -39.74
61 Louisiana Health Service and Indemnity Co Baton Rouge 43,103 31,219 38.07
62 MD Individual Practice Association Inc. Rockville, Md. 42,732 17,227 148.06
63 Blue Cross and Blue Shield of Nebraska Omaha 42,526 45,754 -7.06
64 Health America Pennsylvania Inc. Harrisburg 42,517 20,499 107.41
65 Blue Cross Blue Shield of Kansas City Mo. 41,645 53,027 -21.46
66 Rochester Area HMO Inc. Rochester, N.Y. 40,415 35,647 13.38
67 Delta Dental of California San Francisco 40,366 18,329 120.23
68 Carefirst Bluechoice Inc. Owings Mills, Md. 40,349 53,592 -24.71
69 Regence Blue Cross Blue Shield of Oregon Portland, Ore. 39,814 -68,480 N/M
70 Keystone Health Plan West Inc. Pittsburgh 38,790 7,703 403.60
71 Capital Health Plan Inc. Tallahassee, Fla. 38,417 19,456 97.45
72 Healthkeepers Inc. Richmond 36,007 34,382 4.73
73 Harvard Pilgrim Health Care Inc. Wellesley, Mass. 34,193 42,184 -18.94
74 United Healthcare Insurance Co. of New York Hartford, Conn. 34,069 35,534 -4.12
75 Blue Cross Blue Shield Healthcare Plan of Georgia Inc. Atlanta 33,792 38,952 -13.25
76 Molina Healthcare of Washington Inc. Bothell 33,440 23,708 41.05
77 Upmc Health Plan Inc. Pittsburgh 33,054 19,151 72.60
78 Healthassurance of Pennsylvania Inc. Harrisburg 33,010 18,610 77.38
79 Anthem Health Plans of Maine Inc. South Portland 32,147 41,793 -23.08
80 Health Alliance Plan of Michigan Detroit 31,962 30,869 3.54
81 Careplus Health Plans Inc. Coral Gables, Fla. 31,318 9,262 238.14
82 United Healthcare of North Carolina Inc. Greensboro 31,243 48,851 -36.05
83 Presbyterian Health Plan Inc. Albuquerque 30,865 17,855 72.87
84 Triple-S Inc. San Juan, Puerto Rico 30,442 41,321 -26.33
85 Western Dental Services Inc. Orange, Calif. 30,320 33,903 -10.57
86 Three Rivers Health Plans Inc. Monroeville, Pa. 29,569 22,234 32.99
87 Humana Health Plan of Texas Inc. Louisville, Ky. 29,314 3,761 679.43
88 The Wellness Plan Detroit 28,925 5,096 467.59
89 Blue Cross Blue Shield of Alabama Birmingham 28,883 64,014 -54.88
90 Capital Advantage Insurance Co. Harrisburg, Pa. 28,090 -74,104 N/M
91 Medica Health Plans Minneapolis 27,862 40,991 -32.03
92 Blue Cross Blue Shield of Wisconsin Milwaukee 27,612 42,999 -35.78
93 United HealthCare of MidWest Inc. Maryland Heights, Mo. 27,532 46,668 -41.00
94 Connecticare Inc. Farmington, Conn. 27,161 19,192 41.53
95 Pacificare of Arizona Inc. Cypress, Calif. 26,808 36,240 -26.03
96 Mmm Healthcare Inc. San Juan, Puerto Rico 26,603 16,369 62.53
97 Mountain State Blue Cross Blue Shield Inc. Parkersburg, W.Va. 25,774 31,274 -17.59
98 HMO Louisiana Inc. Baton Rouge 25,337 25,755 -1.62
99 Amerigroup Texas Inc. Arlington 25,170 8,265 204.53
100 Cigna HealthCare of Arizona Inc. Phoenix 24,978 8,485 194.38
101 United Healthcare of Ohio Inc. Westerville 24,649 60,975 -59.58
102 Touchpoint Health Plan Inc. Appleton, Wis. 24,312 5,507 341.44
103 Dental Service of Massachusetts Inc. Boston 24,276 26,834 -9.53
104 Keystone Health Plan Central Inc. Harrisburg, Pa. 24,083 21,653 11.22
105 Vision Service Plan Rancho Cordova, Calif. 23,532 26,486 -11.15
106 United Healthcare of New York Inc. 23,299 24,776 -5.96
107 Fallon Community Health Plan Inc. Worcester, Mass. 23,049 8,559 169.29
108 Independence Blue Cross Philadelphia 22,282 53,189 -58.11
109 Neighborhood Health Plan Inc. Boston 22,197 11,711 89.53
110 Anthem Health Plans of New Hampshire Manchester 21,860 12,034 81.65
111 Mercy Health Plans Missouri Inc. Chesterfield 21,860 26,191 -16.54
112 United HealthCare of Alabama Inc. Birmingham 21,723 37,095 -41.44
113 Wisconsin Physicians Service Insurance Corp. Madison 21,101 34,625 -39.06
114 Pacificare of Nevada Inc. Cypress, Calif. 20,887 26,086 -19.93
115 Tufts Associated HMO Inc. Waltham, Mass. 20,522 57,097 -64.06
116 Local Initiative Health Authority of Los Angeles 20,295 23,960 -15.30
117 Pacificare of Texas Inc. Cypress, Calif. 19,676 44,657 -55.94
118 Southern Health Services Inc. Richmond 19,335 5,747 236.46
119 Pacificare of Colorado Inc. Cypress, Calif. 19,007 33,317 -42.95
120 Cigna Healthcare of North Carolina Inc. Raleigh 18,729 4,342 331.37
121 Noridian Mutual Insurance Co. Fargo, N.D. 18,614 26,645 -30.14
122 Security Health Plan of Wisconsin Inc. Marshfield 18,586 4,806 286.76
123 Vision Service Plan Insurance Co. Rancho Cordova, Calif. 18,567 27,873 -33.39
124 HMO Colorado Inc. Denver 18,178 28,298 -35.76
125 Blue Cross Blue Shield of Delaware Inc. Wilmington 18,031 20,433 -11.76
126 Cigna HealthCare of Tennessee Inc. Bloomfield, Conn. 17,952 -3,313 N/M
127 Well Care of Florida Inc. Tampa 17,802 6,211 186.62
128 Partners National Health Plans of North Carolina Inc. Winston-Salem 17,691 24,023 -26.36
129 Pacificsource Health Plans Springfield, Ore. 17,520 10,717 63.49
130 U.S. Behavioral Health Plan of California San Francisco 17,043 14,235 19.73
131 Amerigroup MD Inc. Virginia Beach 16,985 19,283 -11.91
132 Elderplan Inc. Brooklyn, N.Y. 16,591 3,802 336.36
133 MVP Health Plan Inc. Schenectady, N.Y. 15,812 35,436 -55.38
134 Cigna Healthcare of Texas Inc. Dallas 15,588 3,024 415.49
135 Oxford Health Plans New Jersey Inc. Trumbull, Conn. 15,546 17,733 -12.34
136 Aetna Dental of California Inc. Thousand Oaks 15,193 12,199 24.55
137 Cigna HealthCare of Florida Inc. Tampa 15,110 -7,990 N/M
138 Matthew Thorton Health Plan Inc. Manchester, N.H. 15,034 27,858 -46.03
139 Group Health Inc. New York 14,827 5,608 164.38
140 Wellpath Select Inc. Morrisville, N.C. 14,326 10,583 35.36
141 Cigna Dental Health of California Glendale 14,291 15,821 -9.67
142 Blue Cross Blue Shield of Rhode Island Providence 14,235 37,402 -61.94
143 First Medical Health Plan Inc. San Juan, Puerto Rico 14,222 5,980 137.81
144 HMO Missouri Inc. Thousand Oaks, Calif. 14,205 14,964 -5.07
145 Compcare Health Services Insurance Corp. Milwaukee 13,814 13,955 -1.01
146 Wellcare of New York Inc. Tampa 13,702 9,490 44.39
147 Health Net Health Plan of Oregon Inc. Tigard 13,620 6,782 100.84
148 Upmc Health Benefits Inc. Pittsburgh 13,592 9,196 47.81
149 United Healthcare of New England Inc. Warwick, R.I. 13,436 16,535 -18.74
150 Geisinger Health Plan Danville, Pa. 13,379 9,925 34.81

Source: National Underwriter Insurance Data Services (877-305-6657)

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