Major Rating Factors:
Good capitalization (6.2 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the fair level during recent years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.1) despite a decline in earnings during 2021.
Other Rating Factors:
Excellent quality investment portfolio (8.5) containing small junk bond exposure. Excellent overall results on stability tests (7.0) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
PR
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
Torre Chardon
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 622-3000
NAIC Number
11157
Website
Largest Affiliates
