The bottom line
Anthem, Inc., our parent company, is an independent licensee of the Blue Cross Blue Shield Association. In 2023, our parent company provided health care benefits to 41.0 million Americans. Our parent company’s Colorado plans do business as Anthem Blue Cross and Blue Shield. Anthem’s subsidiary, HMO Colorado, was incorporated in 1979 and does business in Colorado as HMO Colorado and in Nevada as HMO Nevada.
We are making this information available to our HMO members as required by Colorado law (C.R.S. §10-16-407).
HMO Colorado, Inc.,
| Condensed Statutory Balance Sheets | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Admitted assets | ||
| Cash and investments | $ 136,369,391 | $ 130,430,815 |
| Premium receivables and other assets | 237,862,693 | 217,262,170 |
| Total admitted assets | $ 374,232,084 | $ 347,692,985 |
| Liabilities, capital and surplus | ||
| Unpaid claims liabilities and reserves | $ 142,824,724 | $ 112,845,061 |
| Premiums received in advance | 11,240,970 | 5,429,663 |
| Remittances and items not allocated | 41,029,412 | 33,047,102 |
| Amounts due to parent, subsidiaries & affiliates | 23,547,726 | 39,516,474 |
| Accounts payable and other liabilities | 36,545,995 | 24,698,388 |
| Total liabilities | 255,188,827 | 215,536,688 |
| Capital and surplus | 119,043,257 | 119,043,257 |
| Total liabilities, capital and surplus | $ 374,232,084 | $ 347,692,985 |
| Condensed Statutory Income Statements | Year ended December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Revenues | ||
| Premiums | $955,432,621 | $870,962,863 |
| Other revenues | 3,289,196 | (4,716,209) |
| Total revenues | $958,721,817 | $866,246,654 |
| Expenses | ||
| Medical and hospital benefits | $798,642,717 | $686,796,121 |
| Operating expenses | 138,225,639 | 115,632,445 |
| Federal income taxes | 7,391,613 | 12,563,527 |
| Total expenses | 944,259,969 | 814,992,093 |
| Net income | $ 14,461,848 | $ 51,254,561 |