Major Rating Factors:
Good overall results on stability tests (6.0 on a scale of 0 to 10) despite fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.4) with operating gains in each of the last five years.
Other Rating Factors:
Excellent capitalization (9.1) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Excellent quality investment portfolio (7.8) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
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
Elevance Health Inc
Investment Rating
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Norfolk, VA 23502
Phone Number
(800) 331-1476
NAIC Number
10122
Website
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