B
Aetna Better Hlth of WA Inc
SeattleWA
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good liquidity (6.4 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.6) with operating losses during 2021 and 2022. Return on equity has been low, averaging 4.2% over the last five years. Fair overall results on stability tests (4.8). Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Other Rating Factors: Excellent capitalization index (8.1) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (8.0) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
CVS
Company Address
600 University Street
Seattle, WA 98101
Phone Number
(206) 701-8000
NAIC Number
16242
Largest Affiliates
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Franklin, TN - Health
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Blue Bell, PA - Health
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Richmond, VA - Health
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Linthicum, MD - Health