B
Freedom Health Inc
TampaFL
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: Good overall results on stability tests (6.5 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.5) despite a decline in earnings during 2022.
Other Rating Factors: Excellent capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: FL
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
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
5600, Mariner Street
Tampa, FL 33609
Phone Number
833 401 1577
NAIC Number
10119
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
B
Indianapolis, IN - Health
Weiss Ratings