B
Commencement Bay Risk Mgmt Ins
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: Excellent profitability (9.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent capitalization index (9.4) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (8.1) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.2) 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. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OR, UT, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
15
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
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
78879
Largest Affiliates
B
Portland, OR - Health
A
Portland, OR - Health
A
Portland, OR - Health
B
Portland, OR - Health
A
Portland, OR - Health
Weiss Ratings