Anthem Blue Cross and Blue Shield
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| Public | |
| Traded as | : ANTM S&P 500 Component |
| Industry | Managed health care |
| Founded | Anthem Insurance and WellPoint Health Networks merger in 2004 |
| Headquarters | Indianapolis, Indiana, United States |
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Key people
|
Joseph R. Swedish (CEO) |
| Products | Blue Cross Blue Shield |
| Revenue |
 US$61.7 Billion (FY 2012)
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US$2.66 Billion (FY 2012)
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| Total assets |
US$58.96 Billion (FY 2012)
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| Total equity |
US$23.80 Billion (FY 2012)
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Number of employees
|
37,000+ |
| Website | www.antheminc.com |
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 grew out of two Indianapolis, Indiana based mutual insurance companies, Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc. formed in 1944 and 1946. The companies grew significantly, controlling 80% of the medical insurance market in Indiana by the 1970s. In 1972 they came together to create a joint operating agreement, and merged in 1985 as parent company, Associated Insurance Companies, Inc, to form Blue Cross and Blue Shield of Indiana.
In 1986 Associated Insurance Companies changed its name to The Associated Group (TAG) to reflect its expanded focus, and began heavily expanding outside Indiana, acquiring numerous insurance companies and creating new subsidiaries throughout the late 1980s through the mid-1990s.
Formerly Anthem Inc. was an insurance company which began in the 1980s as a spin-off of the group insurance operations of American General Insurance.
Anthem Blue Cross and Blue Shield was created as part of the merger of The Associated Group with Community Mutual Insurance Co. of Cincinnati.
From its move to a publicly traded company in 2001 until its final merger in 2004, it merged the Blue Cross Blue Shield organizations of several states to achieve economy of scale, converting them in the process from non-profit to for-profit status. In late 2004, Anthem and WellPoint merged, with the combined company taking the WellPoint name. That Anthem no longer exists as a company, but the Anthem Blue Cross and Blue Shield brand name is used by WellPoint in 11 states.
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Wikipedia