December 31, 2010 and 2009
| 2010 | 2009 | |
|---|---|---|
| Assets | ||
| Cash and Investments | $1,128,207,192 | $986,465,978 |
| Premiums and Other Receivables | 54,807,358 | 51,830,091 |
| Property and Equipment, Net | 72,356,532 | 75,166,289 |
| Investments in Subsidiaries* | -0- | -0- |
| Other Assets | 97,421,029 | 112,626,895 |
| Total Assets | 1,352,792,111 | 1,226,089,253 |
| Liabilities | ||
| Claims Incurred and Unpaid | $214,596,374 | $211,633,091 |
| Premiums Received in Advance | 121,394,742 | 80,868,487 |
| Accounts Payable and Other Liabilities | 257,904,235 | 260,884,378 |
| Total Liabilities | 593,895,351 | 553,385,956 |
| Policyholders' Reserves | 758,896,760 | 672,703,297 |
| Total Liabilities and Policyholders' Reserves | $1,352,792,111 | $1,226,089,253 |
†As derived from the audited financial statements of Blue Cross and Blue Shield of Kansas, Inc.
*Investments in subsidiaries of $41,432,381 and $38,253,575 for 2010 and 2009 respectively, are eliminated for consolidated financial statements.
Statement of Licensee
Blue Cross and Blue Shield of Kansas is licensed by the Blue Cross and Blue Shield Association to offer certain products and services under the Blue Cross and Blue Shield brand names within the company’s own geographic service area — all Kansas counties except Johnson and Wyandotte.
Blue Cross and Blue Shield of Kansas is an independently licensed company governed by its own board of directors and is solely responsible for its own debts and other obligations.
Neither the Association nor any other organization using Blue Cross and Blue Shield brand names acts as a guarantor of Blue Cross and Blue Shield of Kansas obligations.
The Blue Cross and Blue Shield system of individual Plans is not a single company but an association of independent companies.
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