B
Humana Health Plan of CA Inc
IrvineCA
Rating Date
September 2023
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 quality investment portfolio (6.3 on a scale of 0 to 10) containing junk bond exposure equal to 92.8% of capital. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.0) with modest operating losses during 2018 and 2021.
Other Rating Factors: Fair overall results on stability tests (4.2). Rating is significantly influenced by the strong financial results of Humana Inc. Excellent overall capitalization (8.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: CA, KS, KY, MO, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
52
Contractual Pay
Salary
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
HUM
Company Address
One Park Plaza
Irvine, CA 92614
Phone Number
(502) 476-3586
NAIC Number
16280
Largest Affiliates
A
De Pere, WI - Health
A
Louisville, KY - Health
A
Louisville, KY - Health
B
Waukesha, WI - Health
B
Louisville, KY - Health
Weiss Ratings