B
Anthem Health Plans of KY 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: Good overall results on stability tests (6.7 on a scale of 0 to 10) based on steady enrollment growth, averaging 7% over the past five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (9.2) despite a decline in earnings during 2022.
Other Rating Factors: Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.5) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: KY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
153
Provider Compensation ($000)
Capitation Pay
83
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
13550 Triton Park Boulevard
Louisville, KY 40223
Phone Number
(888) 641-5224
NAIC Number
95120
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
B
Indianapolis, IN - Health
Weiss Ratings