B
Sentara Health Ins Co
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: Fair overall results on stability tests (4.6 on a scale of 0 to 10). Rating is significantly influenced by the acceptable financial results of Sentara Health. Excellent capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2019. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Weak profitability index (0.9) with 16.1 million in losses in the last four years. Average return on equity over the last five years has been poor at -26.4%.
Principal Lines of Business: --
Licensed in: VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
500
Provider Compensation ($000)
Capitation Pay
608
Fee For Service
0
Contractual Pay
Salary
0
Bonus
905
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Sentara Health
Investment Rating
--
Company Address
1300 Sentara Park
Virginia Beach, VA 23464
Phone Number
(757) 552-7401
NAIC Number
70715
Largest Affiliates
B
Virginia Beach, VA - Health
C
Doral, FL - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
Weiss Ratings