B
Blue Cross & Blue Shield of RI
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: Excellent overall profitability index (6.9 on a scale of 0 to 10) with operating gains in each of the last five years. Good quality investment portfolio (6.6) containing significant exposure to junk bonds. Good overall results on stability tests (5.4) based on consistent premium and capital growth in the last five years.
Other Rating Factors: Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (9.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: RI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
500 Exchange Street
Providence, RI 02903
Phone Number
(401) 459-2183
NAIC Number
53473
Largest Affiliates
No affiliate information available.