Independence Blue Cross Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Independence Blue Cross

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Independence Blue Cross Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	5241 Insurance Carriers
Additional NAICS Codes	5242 Insurance Agencies & Brokerages
Address	1901 Market St. Philadelphia, PA 19103

Note: Revenues for privately held companies are statistical evaluations.


Independence Blue Cross's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Independence Blue Cross's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Independence Blue Cross is classified as operating in the Insurance Carriers industry, NAICS Code 5241.

Independence Blue Cross Annual Revenue and Growth Rate

Independence Blue Cross	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Over $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Independence Blue Cross's revenues are gauged from an analysis of company filings.

Independence Blue Cross's Income Statement (based on Industry Averages)

Independence Blue Cross P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Independence Blue Cross is developing and marketing. Independence Blue Cross's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
BEAT COVID-19 Promoting public awareness of the importance of vaccination and following health safety guidelines to prevent the spread of infectious diseases, namely, COVID-19	05/16/2023
ACCELERATE HEALTH EQUITY Promoting public awareness of health equity	05/05/2023
VISTIA Insurance claims administration and processing services; administration of pre-paid benefits plans, preferred provider plans, and patient reimbursement programs	04/29/2022

See all trademarks and details in the Full Report.

Market Share of Independence Blue Cross's Largest Competitors

A competitive analysis shows these companies are in the same general field as Independence Blue Cross, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
CENTRUM VALLEY HOLDINGS	Clarion, IA	100
ELEVANCE HEALTH	Indianapolis, IN	44
SECURIAN LIFE INSURANCE	Saint Paul, MN	33
ATH HOLDING	Indianapolis, IN	31
HUMANA	Louisville, KY	30
STATE FARM MUTUAL AUTOMOBILE INSURANCE	Bloomington, IL	26
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUND	White Plains, NY	25
PRUDENTIAL INSURANCE	Newark, NJ	24
AMERICAN INTERNATIONAL GROUP	New York, NY	13

Nearby Competitors

These companies are similar in business line and location to Independence Blue Cross. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
AMERIHEALTH CARITAS SERVICES	Philadelphia, PA	100
INDEPENDENCE BLUE CROSS	Philadelphia, PA	62
R&Q SOLUTIONS	Philadelphia, PA	2
PHILADELPHIA CONTRIBUTIONSHIP FOR INSURANCE OF HOUSES FROM LOS	Philadelphia, PA	2
RELIANCE INSURANCE COMPANY IN LIQUIDATION	Philadelphia, PA	0
PENNSYLVANIA LUMBERMENS MUTUAL INSURANCE	Philadelphia, PA	0

Future Competition: Independence Blue Cross's Fastest Growing Competitors

These companies are in the same general field as Independence Blue Cross and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)