Wellpoint New Jersey Inc
Major Rating Factors:
Excellent profitability (8.8 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (8.8) containing small junk bond exposure.
Other Rating Factors:
Excellent overall results on stability tests (8.3) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the weak financial results of Elevance Health Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
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Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
1300 Amerigroup Way
Virginia Beach, VA 23464
Virginia Beach, VA 23464
Phone Number
(732) 452-6000
NAIC Number
95373
Largest Affiliates