B
Humana Health Plan 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 (6.2 on a scale of 0 to 10) containing significant exposure to junk bonds. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.6). Rating is significantly influenced by the strong financial results of Humana Inc.
Other Rating Factors: Excellent overall capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.6) with 57.5 million in losses in the last two years. Average return on equity over the last five years has been poor at -0.8%.
Principal Lines of Business: --
Licensed in: AL, AR, AZ, CO, ID, IL, IN, KS, KY, MO, NE, NM, NV, OH, SC, TN, TX, VA, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
666
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
HUM
Company Address
500 West Main Street
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
95885
Largest Affiliates
A
De Pere, WI - Health
A
Louisville, KY - Health
A
Louisville, KY - Health
B
Waukesha, WI - Health
B
Louisville, KY - Health
Weiss Ratings