B
Aetna Better Hlth of KY Ins Co
Rating Date
June 2024
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 overall results on stability tests (4.7 on a scale of 0 to 10) based on inordinate decline in capital during 2022. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Good profitability index (5.0) despite a decline in earnings during 2022. Good quality investment portfolio (5.2) containing significant exposure to junk bonds.
Other Rating Factors: Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (9.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: KY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
CVS
Company Address
9900 Corporate Campus Drive
Louisville, KY 40223
Phone Number
(855) 300-5528
NAIC Number
15761
Largest Affiliates
C
Franklin, TN - Health
B
Blue Bell, PA - Health
B
Downers Grove, IL - Health
B
Richmond, VA - Health
B
Linthicum, MD - Health