B
Wellpoint Texas Inc
NorfolkVA
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: Fair liquidity (3.7 on a scale of 0 to 10) as cash resources may not be adequate to cover a spike in claims. Excellent profitability (8.6) with operating gains in each of the last five years. Excellent overall capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent overall results on stability tests (6.9). Rating is significantly influenced by the strong financial results of Elevance Health Inc. Weak quality investment portfolio (2.6).
Principal Lines of Business: --
Licensed in: AZ, TN, TX
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
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Phone Number
(800) 331-1476
NAIC Number
95314
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
B
Indianapolis, IN - Health