A
Providence Health Plan
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings Providence Health Plan
Beaverton, OR
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Rating A
Capitalization Index 10.00
Investment Safety Index 7.95
Liquidity Index 7.81
Profitability Index 6.27
Reserve Adequacy Index --
Stability Index 6.31
Company Info Providence Health Plan
Beaverton, OR
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Industry Health
NAIC Number 01424
Phone Number (503) 574-7500
Website www.providencehealthplan.com
Address 3601 Southwest Murray Boulevard Beaverton, OR 97005
Balance Sheet Providence Health Plan
Beaverton, OR
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Total Assets 1.34B
Capital and Reserves Providence Health Plan
Beaverton, OR
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Risk-Adjusted Capital Ratio #1 5.25
Risk-Adjusted Capital Ratio #2 4.37
1-Year Reserve Development --
2-Year Reserve Development --
Capital 783.86M
Premium to Surplus --
Reserves to Surplus --
Investments Providence Health Plan
Beaverton, OR
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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 Providence Health Plan
Beaverton, OR
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Medical Loss Ratio 85.18%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Providence Health Plan
Beaverton, OR
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Bonus Pay 27.79K
Capitation Pay 25.21K
Contractual Pay 659.13K
Enrollment 182.81K
Fee For Service 340.67K
Medical Expense Per Member Per Month $3,335.00
Network Physicians 24.54K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 371.35K
Total Patient Encounters-Non-Physician 865.13K
Profitability Providence Health Plan
Beaverton, OR
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Net Income -28.07M
Net Premium 2.16B
Health Premium 2.16B