B
Wellpoint Ohio Inc
NorfolkVA
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 (5.0 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Elevance Health Inc. Excellent overall profitability index (6.9) with operating gains in each of the last five years. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: AR, AZ, OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
121
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Phone Number
(757) 490-6900
NAIC Number
10767
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
B
Indianapolis, IN - Health