A
Blue Cross Blue Shield of AZ
PhoenixAZ
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 profitability (7.0 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent overall results on stability tests (7.9) based on steady enrollment growth, averaging 4% over the past five years, consistent premium and capital growth in the last five years.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Fair quality investment portfolio (3.5).
Principal Lines of Business: --
Licensed in: AZ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
108
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8220 N. 23rd Avenue
Phoenix, AZ 85021
Phone Number
(602) 864-4100
NAIC Number
53589
Largest Affiliates
No affiliate information available.
Weiss Ratings