Coventry Health Care of WV Inc
Major Rating Factors:
Good quality investment portfolio (6.6 on a scale of 0 to 10) containing significant exposure to junk bonds. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.8) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent overall results on stability tests (8.6) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation.
Principal Lines of Business:
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Licensed in:
WV
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
500 Virginia Street, East
Charleston, WV 25301
Charleston, WV 25301
Phone Number
(804) 968-7280
NAIC Number
95408
Website
Largest Affiliates