Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2022 but an excessive 38% enrollment growth during the period. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Excellent profitability (8.3) despite modest operating losses during 2018. Excellent capitalization index (8.4) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (8.4) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
GA, NC, SC, TN
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
CVS Health Corporation
Investment Rating
Company Address
151 Farmington Avenue
Hartford, CT 06156
Hartford, CT 06156
Phone Number
(800) 872-3862
NAIC Number
12328
Largest Affiliates