Humana Health Plan of TX Inc
Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.5) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.7) containing small junk bond exposure.
Other Rating Factors:
Weak profitability index (1.2) with operating losses during 2019, 2021 and 2023. Average return on equity over the last five years has been poor at -4.3%. Weak overall results on stability tests (0.5) based on a significant -39% decrease in enrollment during the period, a steep decline in capital during 2023. Rating is significantly influenced by the excellent financial results of Humana Inc.
Principal Lines of Business:
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Licensed in:
AZ, CA, CO, NV, TX, WA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
Company Address
500 West Main Street
Louisville, KY 40202
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
95024
Website
Largest Affiliates