Vibra Health Plan Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) due to a decline in earnings during 2023. Average return on equity over the last five years has been extremely poor. Weak quality investment portfolio (0.2) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.5) based on a significant -100% decrease in enrollment during the period, a decline in the number of member physicians during 2023. Rating is significantly influenced by the acceptable financial results of Capital Blue Cross Inc.
Other Rating Factors:
Excellent capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
PA
Principal Enrollment Breakdown:
--
Corporate Info
Group Affiliation
Capital Blue Cross Inc
Investment Rating
--
Company Address
2500 Elmerton Avenue
Harrisburg, PA 17177
Harrisburg, PA 17177
Phone Number
(717) 510-6200
NAIC Number
15793
Website
Largest Affiliates