WPS restructures organization for growth

FOR IMMEDIATE RELEASE

Contact:
DeAnne Boegli
Corporate Communications
608-977-7343
deanne.boegli@wpsic.com

WPS restructures organization for growth
New holding company structure allows development of new opportunities

MADISON, Wis.—March 20, 2024—Wisconsin Physicians Service Insurance Corporation’s (WPS) corporate structure has recently been expanded to add a new parent holding company called WPS Holdings, Inc. The corporate restructure provides greater enterprise flexibility and enables new growth opportunities. 

“We are on a growth trajectory and the new structure will serve that growth. I want to be clear that WPS remains fully committed our health insurance business and the markets we serve,” says Chief Legal and Administrative Officer Frank Gumina. “There are no plans to sell or otherwise divest any part of our business.” 

The new WPS Holdings, Inc. is set up as a nonstock corporation with no shareholders or owners. WPS Holdings, Inc. is the sole member of Wisconsin Physicians Service Insurance Corporation. The new structure will allow the enterprise more flexibility to expand and grow into lines of business outside of insurance, while continuing its full commitment to WPS Health Insurance customers, beneficiaries, business partners, and agents. 

About WPS Health Solutions^®

Wisconsin Physicians Service Insurance Corporation (WPS Health Solutions), founded in 1946, is a nationally regarded benefits administrator for a variety of U.S. government programs and a leading not-for-profit health insurer in Wisconsin. WPS Health Solutions serves active-duty and retired military personnel, seniors, individuals, and families in Wisconsin, across the U.S., and around the world. WPS Health Solutions, headquartered in Madison, Wisconsin, has more than 2,600 employees. For more information, please visit wpshealthsolutions.com.

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