PacificSource Health Plans
Major Rating Factors:
Fair quality investment portfolio (3.4 on a scale of 0 to 10). Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (2.5) with operating losses during 2021.
Other Rating Factors:
Excellent capitalization index (8.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years. Potentially strong support from affiliation with PacificSource.
Principal Lines of Business:
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Licensed in:
ID, MT, OR, WA
Principal Enrollment Breakdown:
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