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| During 1999 Blue Cross and Blue Shield of Florida and Health Options continued to grow, adding 320,000 new members. We thank our members for their continued confidence in our ability to provide them with quality, affordable health care coverage.
Policyholders’ equity provides a strong foundation to support capability development, including new, innovative products and systems to meet your needs. It also is an important measure of a company’s ability to meet its financial obligations when claims expenses are higher than anticipated or during times of economic uncertainty. In 1999 Blue Cross and Blue Shield of Florida contributed $67.1 million to policyholders’ equity, bringing the total to $896.5 million — an eight percent increase over 1998.
The above photo of the Parker family from the cover of the 1999 Blue Cross and Blue Shield of Florida Annual Report.
*Consolidated financial statements in the annual report include that of our licensed subsidiary Florida Combined Life Insurance Company.
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