B
Virginia Premier Hlth Plan Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall profitability index (5.9 on a scale of 0 to 10) despite a decline in earnings during 2021. Fair overall results on stability tests (4.7) based on inordinate decline in capital during 2021. Excellent capitalization (7.9) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018.
Other Rating Factors: Excellent quality investment portfolio (8.4) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
594
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
None
Investment Rating
--
Company Address
10800 Nuckols Road
Glen Allen, VA 23060
Phone Number
--
NAIC Number
95612
Largest Affiliates
No affiliate information available.
Weiss Ratings