E
Avera Health Plans Inc
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
0.86
Risk Adjusted
Capital Ratio #2
0.72
Total
Assets
99.27M
Capital
31.58M
Health
Premiums
308.47M
Net
Income
-14.04M
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Weiss Ratings Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Rating E
Capitalization Index 4.56
Investment Safety Index 4.87
Liquidity Index 1.31
Profitability Index 0.74
Reserve Adequacy Index --
Stability Index 3.73
Company Info Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Industry Health
NAIC Number 01412
Phone Number (605) 322-4500
Website www.averahealthplans.com
Address 5300 South Broadband Lane Sioux Falls, SD 57108
Balance Sheet Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Total Assets 99.27M
Capital and Reserves Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Risk-Adjusted Capital Ratio #1 0.86
Risk-Adjusted Capital Ratio #2 0.72
1-Year Reserve Development --
2-Year Reserve Development --
Capital 31.58M
Premium to Surplus --
Reserves to Surplus --
Investments Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Medical Loss Ratio 100.45%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Bonus Pay 0.00
Capitation Pay 0.00
Contractual Pay 242.89K
Enrollment 50.20K
Fee For Service 50.53K
Medical Expense Per Member Per Month $2,057.00
Network Physicians 7.36K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 129.20K
Total Patient Encounters-Non-Physician 146.36K
Profitability Avera Health Plans Inc
Sioux Falls, SD 		Click to
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Net Income -14.04M
Net Premium 312.63M
Health Premium 308.47M