Wellmark Revenue, Growth & Competitor Profile

DBA WELLMARK, INC WELFARE BENEFIT WRAP-AROUND PLAN

Company Profile & Annual Report for Wellmark

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Wellmark Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	5241 Insurance Carriers
Address	1331 Grand Avenue Des Moines, IA 50309

Note: Revenues for privately held companies are statistical evaluations.


Wellmark's Annual Report & Profile shows critical firmographic facts:

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

Wellmark Annual Revenue and Growth Rate

Wellmark	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: Wellmark's revenues are gauged from an analysis of company filings.

Wellmark's Income Statement (based on Industry Averages)

Wellmark 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 Wellmark is developing and marketing. Wellmark doesn't have any recent trademark applications, indicating Wellmark is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
WELLMARK ADVANTAGE Health insurance underwriting; administration in the field of health insurance, namely, claims administration, administration of billing and collection of premiums, administration of healthcare provider contracts and credentialing, and administration of enrollment applications	07/28/2021
WELLMARK ADVANTAGE HEALTH PLAN Health insurance underwriting; administration in the field of health insurance, namely, claims administration, administration of billing and collection of premiums, administration of healthcare provider contracts and credentialing, and administration of enrollment applications	07/28/2021
BEWELL 24/7 Providing advice, information and educational information, all in the field of health via a toll-free phone number	01/12/2016

See all trademarks and details in the Full Report.

Market Share of Wellmark's Largest Competitors

A competitive analysis shows these companies are in the same general field as Wellmark, 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 Wellmark. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
PRINCIPAL FINANCIAL GROUP	Des Moines, IA	100
EMPLOYERS MUTUAL CASUALTY	Des Moines, IA	16
WELLMARK	Des Moines, IA	14
EMCC VEBA RETIREE MEDICAL BENEFIT MASTER TRUST	Des Moines, IA	10
VOYA INSURANCE & ANNUITY	De Moines, IA	4
AMERICAN ENTERPRISE SERVICES	Des Moines, IA	3

Future Competition: Wellmark's Fastest Growing Competitors

These companies are in the same general field as Wellmark 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)