Insurers see profitable third quarter

Wisconsin insurers had a profitable third quarter last year, according to filings from the Office of the Commissioner of Insurance.

Common Ground Healthcare Cooperative had the highest profit margins among the plans analyzed by Wisconsin Health News. Anthem Blue Cross Blue Shield of Wisconsin was a close second.

Anthem Blue Cross Blue Shield of Wisconsin
Enrollment: 396,260
Premium income: $500,370,924
Total revenue: $532,446,017
Net income: $99,454,593
Profit margin: 18.7 percent

Children’s Community Health Plan
Enrollment: 132,600
Premium income: $260,410,518
Total revenue: $260,410,702
Net income: $21,189,032
Profit margin: 8.1 percent

Common Ground Healthcare Cooperative
Enrollment: 60,742
Premium income: $415,891,887
Total revenue: $383,715,617
Net income: $83,012,918
Profit margin: 21.6 percent

Compcare Health Services Insurance Corp.
Enrollment: 238,415
Premium income: $916,532,733
Total revenue: $916,036,934
Net income: $54,701,947
Profit margin: 6.0 percent

Dean Health Plan
Enrollment: 267,054
Premium income: $1,036,134,934
Total revenue: $1,037,841,698
Net income: $9,296,971
Profit margin: 0.9 percent

Group Health Cooperative of South Central Wisconsin
Enrollment: 77,414
Premium income: $304,446,652
Total revenue: $304,446,652
Net income: ($3,015,562)
Profit margin: (1.0 percent)

Gundersen Health Plan, part of Quartz
Enrollment: 56,713
Premium income: $190,052,615
Total revenue: $190,052,615
Net income: $517,187
Profit margin: 0.3 percent

Physicians Plus, part of Quartz
Enrollment: 1,281
Premium income: $3,089,017
Total revenue: $3,520,244
Net income: $203,719
Profit margin: 5.8 percent

Network Health
Enrollment: 82,728
Premium income: $282,972,844
Total revenue: $282,972,844
Net income: $10,076,364
Profit margin: 3.6 percent

Security Health Plan
Enrollment: 198,006
Premium income: $1,004,365,767
Total revenue: $1,004,365,767
Net income: $61,754,428
Profit margin: 6.1 percent

UnitedHealthcare
Enrollment: 720,021
Premium income: $5,431,536,943
Total revenue: $5,444,991,462
Net income: $422,371,749
Profit margin: 7.8 percent

Unity Health Insurance, part of Quartz
Enrollment: 255,930
Premium income: $1,071,638,191
Total revenue: $1,071,653,276
Net income: $6,162,911
Profit margin: 0.6 percent

WEA Insurance Corp.
Enrollment: 97,952*
Premium income: $444,367,026
Total revenue: $455,686,090
Net income: ($719,209)
Profit margin: (0.2 percent)
*Enrollment as of 9/30 provided by WEA Trust

Wisconsin Physicians Service Insurance Corp.
Enrollment: 94,639
Premium income: $262,463,436
Total revenue: $261,204,025
Net income: $19,103,715
Profit margin: 7.3 percent

WPS Health Plan (marketed as Arise Health Plan)
Enrollment: 11,688
Premium income: $54,105,946
Total revenue: $54,097,914
Net income: ($3,630,676)
Profit margin: (6.7 percent)