B
Highmark 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 overall profitability index (6.8 on a scale of 0 to 10) despite 38.2 million in losses in the current year. Good quality investment portfolio (6.7) containing junk bond exposure equal to 73.9% of capital. Good overall results on stability tests (6.0) based on consistent premium and capital growth in the last five years.
Other Rating Factors: Excellent capitalization index (9.7) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. 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
758
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
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
Weiss Ratings