B
CareFirst of Maryland Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good quality investment portfolio (5.8 on a scale of 0 to 10) containing junk bond exposure equal to 66.0% of capital. Good overall results on stability tests (5.4). Excellent profitability (7.0) despite a decline in earnings during 2022.
Other Rating Factors: Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: DC, MD
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
321
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
--
Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
47058
Largest Affiliates
A
Owings Mills, MD - Health
C
Owings Mills, MD - Health
D
Owings Mills, MD - Health
B
Owings Mills, MD - Health
D
Owings Mills, MD - Health
Weiss Ratings