B
Blue Cross & Blue Shield of SC
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: Fair quality investment portfolio (3.1 on a scale of 0 to 10). Excellent profitability (7.9) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent overall results on stability tests (8.4) based on consistent premium and capital growth in the last five years, steady enrollment growth, averaging 3% over the past five years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: SC
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
173
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross and Blue Shield of South Carolina
Investment Rating
--
Company Address
I-20 East at Alpine Rd.
Columbia, SC 29219
Phone Number
(803) 788-3860
NAIC Number
38520
Largest Affiliates
B
Columbia, SC - Health
U
Columbia, SC - Health
Weiss Ratings