AM Best reaffirms strong financial position across Regence health plans

AM Best, the world's oldest and most authoritative insurance rating and information source, has upgraded Regence BlueShield of Idaho to an "A" (Excellent) Financial Strength Rating (FSR) and "a" Issuer Credit Rating (ICR), moving up from the previous "A-" and "a-" ratings, respectively.

The rating agency simultaneously reaffirmed "A" (Excellent) FSR and "a" ICR for Regence’s health plans across Oregon, Utah and Washington. All ratings maintain a "stable" outlook, reflecting the organization's continued financial resilience.

"These ratings validate our unwavering dedication to financial stewardship and operational excellence," said Mike Rains, chief financial officer, Regence health plans. "The upgrade in Idaho and continued strong ratings across our markets demonstrate our ability to maintain financial stability while delivering the high-quality, affordable health care coverage that our members rely on."

AM Best highlighted several factors supporting these strong ratings including balance sheet strength across the health plans, consistent net earnings over the last five years, appropriate enterprise risk management, and significant market presence and Regence brand recognition.

For the latest AM Best ratings, visit ambest.com.

About Regence

Founded more than 100 years ago, Regence serves more than 3.6 million people through its health plans in Idaho, Oregon, Utah and Washington. Each Regence 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.