CompBenefits Ins Co
Major Rating Factors:
Good liquidity (5.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.8) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.2) containing small junk bond exposure.
Other Rating Factors:
Weak profitability index (0.9) with 33.5 million in losses in the last three years. Average return on equity over the last five years has been poor at -3.2%. Weak overall results on stability tests (1.6) based on a steep decline in premium revenue in 2023. Rating is significantly influenced by the excellent financial results of Humana Inc.
Principal Lines of Business:
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Licensed in:
All states except AK, CA, CT, DE, HI, MA, ME, MN, MT, NH, NJ, NY, RI, SD, VT, WI, WY
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
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Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
Company Address
500 West Main Street
Louisville, KY 40202
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
60984
Website
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