Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2019 and 2022. Average return on equity over the last five years has been poor at -5.5%. Fair overall results on stability tests (3.9) based on rapid premium growth over the last five years, excessive capital growth during 2023 and rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent overall capitalization (8.4) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.1) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
CVS Health Corporation
Investment Rating
Company Address
750 W. John Carpenter Freeway
Irving, TX 75039
Irving, TX 75039
Phone Number
(800) 872-3862
NAIC Number
95490
Website
Largest Affiliates