B
Highmark BCBSD Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good quality investment portfolio (6.4 on a scale of 0 to 10) containing junk bond exposure equal to 90.8% of capital. Good overall results on stability tests (6.0). Rating is significantly influenced by the strong financial results of Highmark Health. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (7.9) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: DE
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
615
Provider Compensation ($000)
Capitation Pay
865
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Highmark Health
Investment Rating
--
Company Address
800 Delaware Avenue
Wilmington, DE 19801
Phone Number
(302) 421-3000
NAIC Number
53287
Largest Affiliates
B
Pittsburgh, PA - Health
B
B
Parkersburg, WV - Health
B
Pittsburgh, PA - Health
U
Pittsburgh, PA - Health
Weiss Ratings