Cerulean Companies, Inc.

Cerulean Companies, Inc.. Cerulean Companies, Inc. provides health insurance products and services. The products of the company include standard indemnity insurance, preferred provider organization (PPO), health maintenance organization (HMO), point of service network plan (POS) health benefit plans, life insurance products, dental insurance, vision affinity product, vision insurance and specialty products for mental health and pharmacy benefits. The company markets life, health and disability insurance products to employer groups and individuals. Subsidiaries of the company include Blue Cross and Blue Shield of Georgia, Inc. and its subsidiaries. The company has entered into an agreement and plan of merger with WellPoint Health Networks Inc. The company has incurred $19.6 million towards year 2000 expense till date. Premiums earned accounted for 90% of 1999 revenues; net investment income, 1%and other income, 9%.