PORTLAND, Ore. – A.M. Best, the world’s oldest and most authoritative insurance rating and information source, affirmed an “A” (Excellent) Financial Strength Rating (FSR) and an “a” Issuer Credit Rating (ICR), both with a stable outlook for the Regence family of health insurance plans located in Oregon, Utah and Washington. The Regence health plan in Idaho was assigned an “A-” (Excellent) Financial Strength Rating (FSR) and “a-” Issuer Credit Rating (ICR), both with a stable outlook.
A number of specific factors were cited in the ratings, including strong balance sheets across the health plans, consistent operating performance, appropriate enterprise risk management, and confidence in the companies’ capital positions.
“Nothing is more important to us than providing our members with access to high quality and affordable care, backed with the confidence of a strong and stable health plan,” said Regence Chief Financial Officer Vince Price. “These third-party ratings reinforce our commitment to achieving stability and financial stewardship in service to our members.”
For the latest A.M. Best ratings, please access www.ambest.com.
Regence serves more than 2.6 million members (including BlueCard members) through Regence BlueCross BlueShield of Oregon, Regence BlueCross BlueShield of Utah, Regence BlueShield of Idaho, and Regence BlueShield (select counties in Washington). Each health plan is a nonprofit independent licensee of the Blue Cross and Blue Shield Association. Regence is part of a family of companies dedicated to transforming health care by delivering innovative products and services that change the way consumers nationwide experience health care. For more information, please visit regence.com.