Health Insurance Companies with the Most Net Income

September 15, 2005, 10:08 a.m. EDT 1 Min Read

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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)