Anthem Blue Cross 2014 Annual Report Download

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REDEFINING
REINVENTING
REASSURING
REDEFINING
REINVENTING
REASSURING
2014 ANNUAL REPORT

Table of contents

  • Page 1
    2 0 14 A N N UA L R E P O R T REDEFINING REINVENTING REASSURING

  • Page 2
    ... York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the northern Virginia suburbs of Washington, D.C.), and Wisconsin. In most of these service areas, our plans do business as Anthem...

  • Page 3
    ... personal health journey. That's why our California plan, Anthem Blue Cross, created the Vivity benefit plan. Vivity combines the expertise of our health plan with a provider network that includes seven Los Angeles and Orange County hospitals and their affiliated medical groups. Together, Vivity...

  • Page 4
    ... of primary care providers in Anthem's affiliated health plan networks participate in Enhanced Personal Health Care. Early results show cost savings of between $5 and $11 per member, per month for members under the care of participating providers. At the same time, clinical quality measures such as...

  • Page 5
    ...health care is administered with innovative changes in treatment plans, research advancements and the exchange of information, our plans are giving providers the tools they need to give consumers the best care possible. Cancer Care Quality Program Thanks to medical innovation, there are more cancer...

  • Page 6
    .... In California, Anthem Blue Cross is a founding member of Cal INDEX, a new statewide health information exchange. Through Cal INDEX, participating doctors, nurses and hospitals across systems and offices can access patients' health records so they can provide better, more cost-effective care. When...

  • Page 7
    ... health benefits and services. We have seen change and adapted to it. We know what works, we are sharing our expertise with others and we are providing reassuring support in moving health care forward. Anthem, Inc. is committed to being there for our consumers, business partners and communities...

  • Page 8
    ... marketplace members. Doctors are available 24 hours, 365 days a year, including holidays. Consumers can choose Spanishspeaking doctors in our California market. This is yet another way we are making health care convenient and accessible to all. Medicaid Expansion Anthem plans are also providing...

  • Page 9
    ... that high quality, high value health care remains accessible and affordable for all of our members. Programs launched last year in complex clinical areas like oncology, specialty pharmaceuticals and chronic disease management are achieving these goals by promoting better informed decision-making by...

  • Page 10
    ... we set for ourselves. In 2014, we grew membership by 1.8 million new medical members, including more than 700,000 members from the Public Exchanges, and surpassed 5 million members in our Medicaid business. Our year-end operating revenue stood at $73 billion, an increase of nearly $3 billion over...

  • Page 11
    ... Programs* $5.3 Million Community Relations** * Total Associate Giving pledges plus Foundation Matches, Dollars for Doers Grants plus associated value for volunteering, Director's Fund pledges, and Anthem Cares Fund grants ** Community Relations includes $1.5 million corporate contribution...

  • Page 12
    COMMUNITY FINANCIAL INFORMATION Creating a Healthier Future for Children, Adults and Seniors Total Revenues (In Billions) Benefit Expense Ratio Selling, General and Administrative Expense Ratio Diluted Net Income Per Share (In Whole Dollars) $71.0 $58.7 $60.7 $61.5 $73.9 83.2% 85.1% 85.3% 85...

  • Page 13
    ... as reported in Anthem's 2014 Annual Report on Form 10-K. (Dollars in millions, except per share data) 2014 2013 2012 OPERATING RESULTS Total operating revenue Total revenue Net income $73,021.7 73,874.1 2,569.7 $70,191.4 71,023.5 2,489.7 $60,514.0 61,497.2 2,655.5 EARNINGS PER SHARE Basic net...

  • Page 14
    ...' EQUITY LIABILITIES Current liabilities: Policy liabilities: Medical claims payable Reserves for future policy benefits Other policyholder liabilities Total policy liabilities Unearned income Accounts payable and accrued expenses Security trades pending payable Securities lending payable Short-term...

  • Page 15
    FINANCIALS CONTINUED Consolidated Statements of Income (In millions, except per share data) Years Ended December 31 2014 2013 2012 REVENUES Premiums Administrative fees Other revenue Total operating revenue Net investment income Net realized gains on investments Other-than-temporary impairment ...

  • Page 16
    ... costs Foreign currency translation adjustments Other comprehensive (loss) income Total comprehensive income The information presented above should be read in conjunction with the audited financial statements and accompanying notes included in Anthem's 2014 Annual Report on Form 10-K. ANTHEM...

  • Page 17
    ... Excess tax benefits from share-based compensation Changes in operating assets and liabilities: Receivables, net Other invested assets Other assets Policy liabilities Unearned income Accounts payable and accrued expenses Other liabilities Income taxes Other, net Net cash provided by operating...

  • Page 18
    ...short-term borrowings Changes in securities lending payable Changes in bank overdrafts Premiums paid on equity options Repurchase and retirement of common stock Cash dividends Proceeds from issuance of common stock under employee stock plans Excess tax benefits from share-based compensation Net cash...

  • Page 19
    FINANCIALS CONTINUED Market Price of Common Stock Our common stock, par value $0.01 per share, is listed on the NYSE under the symbol "ANTM." On February 5, 2015, the closing price on the NYSE was $137.23. As of February 5, 2015, there were 74,717 shareholders of record of our common stock. The ...

  • Page 20
    ... and Chief Human Resources Officer Kenneth R. Goulet Executive Vice President, President, Commercial and Specialty Division Samuel R. Nussbaum, M.D. Executive Vice President, Clinical Health Policy, and Chief Medical Officer Thomas C. Zielinski Executive Vice President and General Counsel ANTHEM...