Major Rating Factors:
Weak profitability index (1.5 on a scale of 0 to 10) with 25.9 million in losses in the last three years. Return on equity has been low, averaging 0.4% over the last five years. Good overall results on stability tests (5.1) despite rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.9) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
GA
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
2000 Riveredge Parkway
Atlanta, GA 30328
Atlanta, GA 30328
Phone Number
(800) 872-3862
NAIC Number
95094
Website
Largest Affiliates