Major Rating Factors:
Excellent overall capitalization (9.7 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.2) containing small junk bond exposure. Excellent overall results on stability tests (7.4) despite excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of Banner Health And Aetna Health Ins Holding Co LLC.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Weak profitability index (2.6) with operating losses during 2018, 2020 and 2021. Average return on equity over the last five years has been poor at -2.5%.
Principal Lines of Business:
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Licensed in:
AZ
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
Banner Health And Aetna Health Ins Holding Co LLC
Investment Rating
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Company Address
4500 East Cotton Center Boulevard
Phoenix, AZ 85040
Phoenix, AZ 85040
Phone Number
(602) 659-1100
NAIC Number
16058
Website
Largest Affiliates