Strong Enrollment Gains and Member Retention Drive Solid First Quarter Performance for Blue Cross and Blue Shield of Florida

Apr 27, 2001, 01:00 ET from Blue Cross and Blue Shield of Florida

    JACKSONVILLE, Fla., April 27 /PRNewswire/ -- Strong enrollment growth and
 solid member retention led to Blue Cross and Blue Shield of Florida (BCBSF)
 today reporting total revenue of $1.33 billion for the first quarter of 2001,
 which ended March 31. This represents an increase of almost 14 percent over
 the $1.17 billion recorded for first quarter 2000.  Consolidated net income
 for the quarter was $25.5 million.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000427/BLUELOGOA )
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000427/BLUELOGOB )
     Chris Doerr, BCBSF senior vice president and chief financial officer,
 said, "Blue Cross and Blue Shield of Florida's continued growth in membership
 is a reflection of our commitment to customer service and to providing our
 members with affordable health care choices. In the first quarter of 2001,
 Blue Cross and Blue Shield of Florida added more than 37,000 members and
 experienced a 12-month member retention rate of more than 87 percent."
     As Florida's leading health care coverage company, Blue Cross and Blue
 Shield of Florida is dedicated to providing caring solutions and affordable
 health care choices to its more than 3.2 million members.  BCBSF is an
 independent licensee of the Blue Cross and Blue Shield Association, an
 association of independent Blue Cross and Blue Shield companies.  Standard and
 Poor's awarded BCBSF an "A+" credit rating, and A.M. Best affirmed its "A"
 rating for the company.  These ratings reflect BCBSF's financial strength,
 strong market presence, proactive growth strategy and excellent
 capitalization.  For additional information, visit BCBSF's website at
 www.bcbsfl.com.
 
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SOURCE Blue Cross and Blue Shield of Florida
    JACKSONVILLE, Fla., April 27 /PRNewswire/ -- Strong enrollment growth and
 solid member retention led to Blue Cross and Blue Shield of Florida (BCBSF)
 today reporting total revenue of $1.33 billion for the first quarter of 2001,
 which ended March 31. This represents an increase of almost 14 percent over
 the $1.17 billion recorded for first quarter 2000.  Consolidated net income
 for the quarter was $25.5 million.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000427/BLUELOGOA )
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000427/BLUELOGOB )
     Chris Doerr, BCBSF senior vice president and chief financial officer,
 said, "Blue Cross and Blue Shield of Florida's continued growth in membership
 is a reflection of our commitment to customer service and to providing our
 members with affordable health care choices. In the first quarter of 2001,
 Blue Cross and Blue Shield of Florida added more than 37,000 members and
 experienced a 12-month member retention rate of more than 87 percent."
     As Florida's leading health care coverage company, Blue Cross and Blue
 Shield of Florida is dedicated to providing caring solutions and affordable
 health care choices to its more than 3.2 million members.  BCBSF is an
 independent licensee of the Blue Cross and Blue Shield Association, an
 association of independent Blue Cross and Blue Shield companies.  Standard and
 Poor's awarded BCBSF an "A+" credit rating, and A.M. Best affirmed its "A"
 rating for the company.  These ratings reflect BCBSF's financial strength,
 strong market presence, proactive growth strategy and excellent
 capitalization.  For additional information, visit BCBSF's website at
 www.bcbsfl.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X52639865
 
 SOURCE  Blue Cross and Blue Shield of Florida