Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10). Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (0.9) with operating losses during 2021 and 2022. Return on equity has been low, averaging 4.2% over the last five years.
Other Rating Factors:
Excellent capitalization index (7.5) based on excellent 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:
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Licensed in:
WA
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
CVS Health Corporation
Investment Rating
Company Address
600 University Street
Seattle, WA 98101
Seattle, WA 98101
Phone Number
(206) 701-8000
NAIC Number
16242
Largest Affiliates