NU Online News Service, Feb. 28, 12:17 p.m. – Blue Cross and Blue Shield of North Carolina, Chapel Hill, N.C., is reporting $76 million in net income for 2002 on $2.9 billion in revenue, compared with $86 million in net income on $2.1 billion in revenue for 2001.
Some of the revenue increase is due to a large acquisition, and net results include $26 million in losses on investments sold and written-off in 2001.