UNICARE Health Plan of WV Inc
Major Rating Factors:
Excellent profitability (10.0 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent overall results on stability tests (8.1) 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.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Fair quality investment portfolio (4.2).
Principal Lines of Business:
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Licensed in:
WV
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
200 Association Drive
Charleston, WV 25311
Charleston, WV 25311
Phone Number
(877) 864-2273
NAIC Number
11810
Website
Largest Affiliates
