B
SelectHealth Benefit Assr Co
MurrayUT
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 overall profitability index (6.6 on a scale of 0 to 10) despite 0.9 million in losses in the current year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent quality investment portfolio (9.5) containing small junk bond exposure. Weak overall results on stability tests (1.7) based on a steep decline in premium revenue in 2022, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of Intermountain Health Care Inc.
Principal Lines of Business: --
Licensed in: ID, NV, UT
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
450
Corporate Info
Group Affiliation
Intermountain Health Care Inc
Investment Rating
--
Company Address
5381 South Green Street
Murray, UT 84123
Phone Number
(801) 442-5000
NAIC Number
63245
Largest Affiliates
A
Murray, UT - Health