B
Humana Health Plan of CA Inc
IrvineCA
Rating Date
June 2024
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 overall profitability index (6.4 on a scale of 0 to 10) despite operating losses during 2018 and 2021. Good overall results on stability tests (5.7) based on healthy premium and capital growth during 2022. Rating is significantly influenced by the excellent financial results of Humana Inc. Excellent overall capitalization (8.5) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent quality investment portfolio (7.9) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
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
70
Contractual Pay
Salary
0
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
A
Waukesha, WI - Health
A
Louisville, KY - Health