Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) based on a steep decline in capital during 2023, an excessive 51% enrollment growth during the period. Rating is significantly influenced by the acceptable financial results of Blue Cross and Blue Shield of Kansas Inc. Weak profitability index (0.0) with 20.4 million in losses in the last two years. Average return on equity over the last five years has been poor at -10.4%. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
KS
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
Blue Cross and Blue Shield of Kansas Inc
Investment Rating
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Company Address
1133 Southwest Topeka Boulevard
Topeka, KS 66629
Topeka, KS 66629
Phone Number
(785) 291-7000
NAIC Number
15481
Website
Largest Affiliates
No affiliate information available.