Major Rating Factors:
Good liquidity (6.5 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.7) based on a significant -43% decrease in enrollment during the period, a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Excellent profitability (8.1) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent capitalization index (7.8) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.4) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
IA
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
15807
Website
Largest Affiliates