Major Rating Factors:
Excellent capitalization (6.9 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Good overall results on stability tests (6.8) 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. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair profitability index (4.7) with operating losses during 2019 and 2020. Return on equity has been fair, averaging 6.6% over the last five years. Excellent quality investment portfolio (9.6) containing small junk bond exposure.
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
Torre Chardon
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 622-3000
NAIC Number
12534
Website
Largest Affiliates
