WV Senior Advantage Inc
Major Rating Factors:
Fair capitalization index (3.6 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last three years. Weak overall results on stability tests (1.1) based on excessive premium growth during 2023, a decline in the number of member physicians during 2023. Excellent overall profitability index (6.9) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
WV
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
RRW LLC
Investment Rating
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Company Address
700 Chappell Road
Charleston, WV 25303
Charleston, WV 25303
Phone Number
(304) 348-2630
NAIC Number
15955
Website
Largest Affiliates