A
Cmnty Care Hlth Plan of NV Inc
NorfolkVA
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: Excellent profitability (9.1 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent capitalization (8.9) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Excellent overall results on stability tests (8.6) 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.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Good quality investment portfolio (5.0) containing significant exposure to junk bonds.
Principal Lines of Business: --
Licensed in: NV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
420
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Phone Number
(757) 490-6900
NAIC Number
12586
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
C
Woodland Hills, CA - Health
Weiss Ratings