C
SilverScript Ins Co
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak quality investment portfolio (0.0 on a scale of 0 to 10) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (5.4). Potentially strong support from affiliation with CVS Health Corporation. Excellent profitability (7.2) despite a decline in earnings during 2021.
Other Rating Factors: Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: All states and GU, MP, PR, VI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
29
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
3
Contractual Pay
0
Salary
0
Bonus
0
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
0
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
CVS
Company Address
1021 Reams Fleming Boulevard
Franklin, TN 37064
Phone Number
(615) 807-7500
NAIC Number
12575
Largest Affiliates
B
Blue Bell, PA - Health
B
Downers Grove, IL - Health
B
Rockville, MD - Health
B
Richmond, VA - Health
U
Hartford, CT - Health
Weiss Ratings