B
Health Plan of WV Inc
Rating Date
June 2024
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 quality investment portfolio (3.9 on a scale of 0 to 10). Good overall profitability index (5.1) despite a decline in earnings during 2022. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (9.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.6) based on consistent premium and capital growth in the last five years, steady enrollment growth, averaging 9% over the past five years.
Principal Lines of Business: --
Licensed in: OH, WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
365
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