B
Aetna Better Health of MI Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall results on stability tests (6.4 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Excellent profitability (8.4) with operating gains in each of the last five years. Excellent overall capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.9) containing small junk bond exposure. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: ID, MI, OR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
495
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
CVS Health Corporation
Investment Rating
CVS
Company Address
28588 Northwestern Highway
Southfield, MI 48034
Phone Number
(800) 831-1166
NAIC Number
12193
Largest Affiliates
C
Franklin, TN - Health
B
Blue Bell, PA - Health
B
Downers Grove, IL - Health
B
Richmond, VA - Health
B
Linthicum, MD - Health
Weiss Ratings