WELLMARK INC

Des Moines, IA

Data as of

June 30, 2022

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

6.08

Risk Adjusted
Capital Ratio #2

5.07

Total
Assets

3.23B

Capital

2.27B

Health
Premiums

1.29B

Net
Income

86.60M

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Report

Major Rating Factors: Fair quality investment portfolio (3.5 on a scale of 0 to 10). Good overall profitability index (6.4). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.

Other Rating Factors: Strong capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario).

Principal Lines of Business: Comp med (56.9%), med supp (17.5%), other (12.7%), FEHB (11.5%), dental (1.3%)

Licensed in: IA, SD

Principal Enrollment Breakdown: PPO (81400.0%), Indemnity (17300.0%), other (16200.0%)

Other Highlights

Medical Loss Ratio

86.70%

Medical Expense

Per Member Per Month ($)

170,213,878

Provider Compensation ($000)

Capitation Pay

Fee For Service

167,522

Contractual Pay

1,192,090

Salary

Bonus

589,388

Other

234,492

Member Physicians

Enrollment

1,122,174

Total Patient Encounters

Physician

Non-Physician

2,218,124

Corporate Info

Group Affiliation

None

Investment Rating

Company Address

1331 Grand Avenue
DES MOINES, IA 50309

Phone Number

(515) 376-4500

NAIC Number

88848

Website

Largest Affiliates

No affiliate information available.