A
Volunteer State Hlth Plan Inc
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: Excellent overall capitalization (9.1 on a scale of 0 to 10) 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. Good overall profitability index (6.0) despite a decline in earnings during 2022. Good quality investment portfolio (5.5) containing significant exposure to junk bonds.
Other Rating Factors: Good overall results on stability tests (6.8) based on steady enrollment growth, averaging 7% over the past five years, consistent premium and capital growth in the last five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: TN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
315
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
BlueCross BlueShield of Tennessee Inc
Investment Rating
--
Company Address
One Cameron Hill Circle
Chattanooga, TN 37402
Phone Number
(423) 535-7192
NAIC Number
14046
Largest Affiliates
B
Chattanooga, TN - Health
A
Chattanooga, TN - Health
D
Chattanooga, TN - Health
U
Chattanooga, TN - Health
Weiss Ratings