Coventry Health Plan of FL Inc
Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2022. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Weak profitability index (0.9) with operating losses during 2018 and 2021. Average return on equity over the last five years has been poor at -21.0%. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (9.1) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
FL
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
261 North University Drive
Plantation, FL 33324
Plantation, FL 33324
Phone Number
(954) 693-2501
NAIC Number
95266
Website
Largest Affiliates