Allen Maltz, Executive Vice President and Chief Financial Officer, Blue Cross and Blue Shield of Massachusetts
Allen is responsible for all financial, investment, audit, real estate, actuarial, underwriting and financial service activities related to the management of more than $6 billion in revenues and more than $3 billion in assets.
Under Allen’s leadership, the percentage of premiums spent on health care has risen from 87% to 90%, administrative expenses have been cut from 12% to approximately 10%, and investment earnings have risen to more than $100 million. During his tenure, the company reached the $2 billion mark in surplus for the first time, while also receiving approval for and implementing a change in the corporate structure, which provides significant tax savings—a savings we have passed on to our members.
Prior to joining BCBSMA in 2001, Allen worked for Aetna Inc. in a number of senior strategic, financial, and actuarial positions. Allen’s professional experience also includes The Travelers Insurance Companies, where he was an Actuary.
Allen received a bachelor’s degree in mathematics from the State University of New York at Albany. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Allen is active on a number of community-focused boards, principally Life and Specialty Ventures, HTH Worldwide, IPS, Indigo, Cobalt, CareWell, BHI and the Treasurers’ Club of Boston.