Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2020 and 2022. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak overall results on stability tests (2.8) based on a significant -48% decrease in enrollment during the period, a steep decline in premium revenue in 2022. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Other Rating Factors:
Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.5) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
WI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
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Medical Expense
Per Member Per Month ($)
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Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
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Enrollment
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Total Patient Encounters
Physician
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Non-Physician
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Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
N17 W24340 Riverwood Drive
Waukesha, WI 53188
Waukesha, WI 53188
Phone Number
(262) 523-4020
NAIC Number
15929
Website
Largest Affiliates