A
UNICARE Health Plan of WV Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Excellent profitability (9.9 on a scale of 0 to 10) with operating gains in each of the last five years. 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 quality investment portfolio (8.0) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (8.2) 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
320
Provider Compensation ($000)
Capitation Pay
Fee For Service
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
200 Association Drive
Charleston, WV 25311
Phone Number
(877) 864-2273
NAIC Number
11810
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
C
Woodland Hills, CA - Health
Weiss Ratings