Anthem Insurance Company Wiki

29 Jan, 2019

Anthem Insurance Company Wiki

Anthem, Inc. is an American health insurance company founded in the 1940s, prior to 2014 known as WellPoint, Inc. It is the largest for-profit managed health care company in the Blue Cross and Blue Shield Association.

It was formed when Anthem Insurance Company acquired WellPoint Health Networks, Inc., with the combined company adopting the name WellPoint, Inc.; trading on the NYSE for the combined company began under the WLP symbol on December 1, 2004. On December 3, 2014, WellPoint changed its corporate name to Anthem Inc., and its NYSE ticker changed from WLP to ANTM.

Anthem Insurance Company Overview :

Stock price : ANTM (NYSE)

Headquarters : Indianapolis, Indiana, United States

Revenue : 9,003.9 crores USD (2017)

CEO : Gail Koziara Boudreaux (20 Nov 2017–)

Subsidiaries : HealthKeepers Inc, Amerigroup, MORE.

Trivia :

For the fiscal year 2017, Anthem reported earnings of US$3.843 billion, with an annual revenue of US$90.039 billion, an increase of 6.1% over the previous fiscal cycle. Anthem's shares traded at over $183 per share, and its market capitalization was valued at over US$69.1 billion in October 2018.
As of 2018, Anthem is ranked #29 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Anthem/Associated Insurance :

1940s : Anthem began in Indianapolis, Indiana as Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc. The companies grew significantly, controlling 80% of the medical insurance market in Indiana by the 1970s.
1972 : The two firms, now known as Blue Cross of Indiana and Blue Shield of Indiana, entered into a joint operating agreement.
1980s : Anthem Inc. began as an insurance company as a spin-off of the group insurance operations of American General Insurance.
1985 : The two merged into Associated Insurance Companies, Inc, a holding company. But usage of the name "Anthem" persisted.
1986 : Associated Insurance Companies began expanding outside of Indiana, acquiring numerous insurance companies and creating new subsidiaries. It changed its name to The Associated Group to coincide with its expanded focus.
Associated Insurance's acquisitions included Anthem Health, Inc., a national company offering group life and health insurance; Raffensperger, Hughes & Co., Inc., Indiana's largest investment bank; and the Shelby Insurance Co., a property and casualty insurance business.