E
Banner Health Ins Grp Inc
PhoenixAZ
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Weak profitability index (0.0 on a scale of 0 to 10) with 10.9 million in losses in the last three years. Weak overall results on stability tests (1.0) in spite of healthy premium and capital growth during 2022 but an excessive 1,952% enrollment growth during the period. Weak liquidity (0.1) as a spike in claims may stretch capacity.
Other Rating Factors: Excellent capitalization (7.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: AZ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
556
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
Banner Health
Investment Rating
--
Company Address
2901 North Central Avenue
Phoenix, AZ 85012
Phone Number
(833) 516-1007
NAIC Number
16663
Largest Affiliates
E
Phoenix, AZ - Health