Major Rating Factors:
Fair quality investment portfolio (4.7 on a scale of 0 to 10). Weak profitability index (0.5) with 140.8 million in losses in the last five years. Average return on equity has been poor at -58.6%. Weak overall results on stability tests (1.7) based on an excessive 47% enrollment growth during the period, rapid premium growth over the last five years and excessive capital growth during 2021. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Other Rating Factors:
Good liquidity (6.6) 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) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
All states except CA, CT, MS, NY
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
1425 Union Meeting Road
Blue Bell, PA 19422
Blue Bell, PA 19422
Phone Number
(800) 872-3862
NAIC Number
72052
Website
Largest Affiliates
