B
Highmark Inc
Rating Date
January 2026
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 profitability index (6.6 on a scale of 0 to 10) despite modest operating losses during 2022. Good quality investment portfolio (6.7) containing junk bond exposure equal to 73.9% of capital. Excellent capitalization index (9.8) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent overall results on stability tests (7.3) based on consistent premium and capital growth in the last five years. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: PA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
993
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Highmark Health
Investment Rating
--
Company Address
120 Fifth Avenue
Pittsburgh, PA 15222
Phone Number
(412) 544-7000
NAIC Number
54771
Largest Affiliates
B
A
Parkersburg, WV - Health
B
Wilmington, DE - Health
U
Pittsburgh, PA - Health
U
Pittsburgh, PA - Health