B
Regence BlueShield of ID Inc
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: Good quality investment portfolio (6.5 on a scale of 0 to 10) containing junk bond exposure equal to 98.1% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.7) despite a decline in earnings during 2022.
Other Rating Factors: Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.9) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Cambia Health Solutions Inc.
Principal Lines of Business: --
Licensed in: ID, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
199
Provider Compensation ($000)
Capitation Pay
218
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Cambia Health Solutions Inc
Investment Rating
--
Company Address
200 SW Market Street
Portland, OR 97201
Phone Number
(503) 721-7189
NAIC Number
60131
Largest Affiliates
B
Portland, OR - Health
A
Portland, OR - Health
A
Portland, OR - Health
A
Portland, OR - Health
B
Portland, OR - Health
Weiss Ratings