Wellpoint New Mexico Inc
Major Rating Factors:
Fair overall results on stability tests (4.5 on a scale of 0 to 10) based on rapid enrollment growth during the past five years, a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Weak profitability index (1.2) with modest operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -3.5%. Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NM
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
6565 Americas Parkway, NE
Albuquerque, NM 87110
Albuquerque, NM 87110
Phone Number
(800) 331-1476
NAIC Number
12354
Website
Largest Affiliates