PORTLAND, Ore. – A.M. Best, the world’s oldest and most authoritative insurance rating and information source, reaffirmed an “A” (Excellent) Financial Strength Rating (FSR); and an “a” Issuer Credit Rating (ICR) for the Regence family of health insurance plans located in Oregon, Utah and Washington. A.M. Best also reaffirmed Regence BlueShield of Idaho’s “A-” (Excellent) Financial Strength Rating (FSR) and “a-” Issuer Credit Rating (ICR). All state ratings included a “stable” outlook.
Factors cited by A.M. Best for the ratings include strong balance sheets across the health plans, consistent operating performance, comprehensive enterprise risk management, and confidence in the companies’ capital positions.
“Amidst a time of pandemic uncertainty and economic hardship, Regence continues to prioritize providing our members with access to high quality and affordable care, backed by the confidence of a strong and stable health plan,” said Regence Chief Financial Officer Vince Price. “A.M. Best’s third-party ratings reinforce our commitment to achieving stability and financial stewardship in service to our members.”
For the latest A.M. Best ratings, visit ambest.com.
Regence serves more than 3.1 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.