B
Humana Medical Plan of PA Inc
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: Fair profitability index (3.2 on a scale of 0 to 10) with modest operating losses during 2018 and 2021. Average return on equity over the last five years has been poor at -0.5%. Fair overall results on stability tests (3.3). Rating is significantly influenced by the strong financial results of Humana Inc. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.2) containing small junk bond exposure. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NC, PA, SC, VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
9
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
404
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
HUM
Company Address
500 West Main Street
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
14462
Largest Affiliates
A
De Pere, WI - Health
A
Louisville, KY - Health
A
Louisville, KY - Health
B
Waukesha, WI - Health
B
Louisville, KY - Health
Weiss Ratings