Health plans fared well in 2022
Wisconsin health insurers saw a mostly rosy 2022, with many plans finishing the year in the black, according to a review of filings with the Office of the Commissioner of Insurance.
Anthem Blue Cross Blue Shield of Wisconsin
Enrollment: 441,323
Premium income: $874,549,033
Total revenue: $853,921,119
Net income: $91,066,625
Profit margin: 10.7 percent
Enrollment: 169,494
Premium income: $435,663,636
Total revenue: $435,441,341
Net income: $23,814,189
Profit margin: 5.5 percent
Common Ground Healthcare Cooperative
Enrollment: 61,700
Premium income: $389,665,983
Total revenue: $389,665,983
Net income: ($17,856,039)
Profit margin: (4.6 percent)
Compcare Health Services Insurance Corp.
Enrollment: 349,601
Premium income: $2,408,091,279
Total revenue: $2,342,862,242
Net income: $88,990,843
Profit margin: 3.8 percent
Enrollment: 271,322
Premium income: $1,429,806,302
Total revenue: $1,430,922,261
Net income: $18,527,917
Profit margin: 1.3 percent
Group Health Cooperative of South Central Wisconsin
Enrollment: 79,070
Premium income: $457,140,942
Total revenue: $457,140,942
Net income: ($2,710,436)
Profit margin: (0.6 percent)
Enrollment: 101,969
Premium income: $387,044,312
Total revenue: $387,056,184
Net income: $1,887,605
Profit margin: 0.5 percent
Quartz Health Benefit Plans Corporation, previously known as Unity Health Insurance
Enrollment: 253,327
Premium income: $1,562,749,933
Total revenue: $1,562,759,107
Net income: ($12,478,895)
Profit margin: (0.8 percent)
Quartz Health Plan Corporation, previously known as Gundersen Health Plan
Enrollment: 83,902
Premium income: $390,577,636
Total revenue: $390,577,636
Net income: ($6,168,167)
Profit margin: (1.6 percent)
Quartz Health Insurance Corporation, previously known as Physicians Plus
Enrollment: 913
Premium income: $3,092,463
Total revenue: $3,092,463
Net income: $364,807
Profit margin: 11.8 percent
Enrollment: 204,308
Premium income: $1,299,967,348
Total revenue: $1,299,967,348
Net income: $13,846,202
Profit margin: 1.1 percent
Enrollment: 953,823
Premium income: $12,676,935,246
Total revenue: $12,788,387,612
Net income: $883,185,162
Profit margin: 6.9 percent
Enrollment: 72,528*
Premium income: $557,954,613
Total revenue: $570,948,053
Net income: ($12,591,354)
Profit margin: (2.2 percent)
*Enrollment provided by WEA Trust
Wisconsin Physicians Service Insurance Corp.
Enrollment: 106,906
Premium income: $374,565,791
Total revenue: $376,104,128
Net income: ($13,355,284)
Profit margin: (3.6 percent)
Enrollment: 10,479
Premium income: $75,080,585
Total revenue: $75,080,585
Net income: ($8,435,199)
Profit margin: (11.2 percent)
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