Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) despite modest operating losses during 2022. Good quality investment portfolio (6.8) containing significant exposure to junk bonds. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.1) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent overall results on stability tests (8.1) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
LA
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
(800) 331-1476
NAIC Number
14064
Website
Largest Affiliates