B
Health Plan of WV 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: Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2017, 2018 and 2019. Fair quality investment portfolio (4.2). Good overall results on stability tests (5.6) despite excessive capital growth during 2021.
Other Rating Factors: Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (9.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: OH, WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
447
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The Health Plan of West Virginia Inc
Investment Rating
--
Company Address
1110 Main Street
Wheeling, WV 26003
Phone Number
(740) 695-3585
NAIC Number
95677
Largest Affiliates
C
Wheeling, WV - Health
Weiss Ratings