B
Anthem Hlth Plans of Maine Inc
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 results on stability tests (6.7 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.0) with operating gains in each of the last five years.
Other Rating Factors: Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.6) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: ME
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
233
Provider Compensation ($000)
Capitation Pay
3
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
ELV
Company Address
Two Gannett Drive
South Portland, ME 04106
Phone Number
(866) 583-6182
NAIC Number
52618
Largest Affiliates
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New York, NY - Health
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Weiss Ratings