Excellus makes $150M profit, gives CEO 23 percent pay raise

SYRACUSE, N.Y. – Excellus BlueCross BlueShield made a profit of $150 million last year and gave its top executive a 23 percent pay raise.

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Excellus Makes $150M Profit, Gives CEO 23 Percent Pay Raise

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SYRACUSE, N.Y. – Excellus BlueCross BlueShield made a profit of $150 million last year and gave its top executive a 23 percent pay raise.

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See How Much Excellus Paid More Than 200 Execs, Managers

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Mar 1, 2019 · SYRACUSE, N.Y. – The top executive of Excellus BlueCross BlueShield got a 23 percent raise in 2018, bringing his annual pay up to $2.9 million.

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Excellus Reports Strong Results For 2018, Boosts Executive …

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Mar 1, 2019 · Excellus recorded net income of $150 million in 2018 (down from $182 million the year before), or 2.6 percent of premium revenues. Enrollment grew by nearly 40,000, …

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Excellus Posts $23M Year-end Loss As Net Income Plummets

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Mar 4, 2024 · Excellus last failed to post a profit in 2008, when it ended the year with a net loss of $54 million. The company’s $6.6 billion in premiums collected in 2023, was unchanged from …

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Excellus Makes $150M Profit, Gives CEO 23 Percent Pay Raise

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Mar 1, 2019 · SYRACUSE, N.Y. – Excellus BlueCross BlueShield made a profit of $150 million last year and gave its top executive a 23 percent pay raise.

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Syracuse.com - The Top Executive Of Excellus BlueCross... - Facebook

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The top executive of Excellus BlueCross BlueShield got a 23 percent raise in 2018, bringing his annual pay up to $2.9 million.

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Excellus Makes $171M Profit; See How Much It Paid Top Execs

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Feb 28, 2020 · SYRACUSE, NY – Excellus BlueCross BlueShield made a $171 million profit last year and gave its top executive a 10% pay raise.

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Excellus Made $117.6 Million Profit In 2021; See How Much

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Mar 1, 2022 · Syracuse, N.Y. — Excellus BlueCross BlueShield reported net income, or profit, of $118 million in 2021, up from $97.2 million in 2020. The nonprofit health insurer also paid four …

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FAQs about Excellus makes $150M profit, gives CEO 23 percent pay raise Coupon?

How much does Excellus pay its top employees?

Excellus paid 122 employees more than $200,000. The company's operating income was $91.4 million last year, down $14 million compared to 2018. However, the passage does not provide the exact amount paid to individual employees or the total compensation expenses of the company. ...

How much profit did Excellus make in 2020?

Excellus reported a net income, or profit, of $97.2 million in 2020, down from $170.8 million in 2019. This information comes from a report Excellus filed today with the state. "No one has ever faced a year like 2020," Excellus CEO Christopher Booth said in a prepared statement. ...

How much did Excellus pay in 2018 for salaries?

Excellus paid out $91.4 million in operating income last year, down $14 million compared to 2018. The passage does not provide the exact amount paid by Excellus in 2018, but it mentions a decrease in operating income from 2018. ...

Who is the CEO of Excellus BlueCross BlueShield?

James Reed, president and CEO of Excellus, was paid $1.8 million NEW! Syracuse, N.Y. — Excellus BlueCross BlueShield reported net income, or profit, of $118 million in 2021, up from $97.2 million in 2020. The nonprofit health insurer also paid four executives more than $1 million each and another 138 employees more than $200,000 each. ...

How much in taxes did Excellus pay?

Excellus paid $403.4 million in federal and state taxes in 2019. ...

How many members does Excellus have?

Excellus has over 1.5 million members. In 2019, it gained 8,400 new members, marking the third consecutive year its membership has grown. Although Excellus is a nonprofit, it paid $403.4 million in federal and state taxes in 2019. The company had $1.4 billion in reserves at the end of 2019, up from $1.1 billion at the end of 2018. ...