Major Rating Factors:
Good overall profitability index (5.3 on a scale of 0 to 10) despite a decline in earnings during 2023. Excellent capitalization (6.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Good overall results on stability tests (6.7) based on steady enrollment growth, averaging 6% over the past five years, 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 quality investment portfolio (9.1) 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:
PR
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
350 Chardon Avenue
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 622-3000
NAIC Number
12534
Website
Largest Affiliates