Major Rating Factors:
Good overall profitability index (6.8 on a scale of 0 to 10) despite a decline in earnings during 2023. Good quality investment portfolio (6.4) 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:
Fair overall results on stability tests (4.8) based on a significant -16% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Excellent overall capitalization (9.3) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
WA
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
14073
Website
Largest Affiliates