Major Rating Factors:
Excellent profitability (9.3 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (7.2) containing small junk bond exposure.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
NV
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
5800 Northampton Boulevard
Norfolk, VA 23502
Norfolk, VA 23502
Phone Number
(757) 490-6900
NAIC Number
12586
Website
Largest Affiliates