B
Wellmark Inc
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
5.95
Risk Adjusted
Capital Ratio #2
4.96
Total
Assets
3.30B
Capital
2.23B
Health
Premiums
1.93B
Net
Income
110.14M
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Weiss Ratings Wellmark Inc
Des Moines, IA 		Click to
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Rating B
Capitalization Index 10.00
Investment Safety Index 3.48
Liquidity Index 6.85
Profitability Index 6.15
Reserve Adequacy Index --
Stability Index 6.64
Company Info Wellmark Inc
Des Moines, IA 		Click to
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Industry Health
NAIC Number 88848
Phone Number (515) 376-4500
Website www.wellmark.com
Address 1331 Grand Avenue Des Moines, IA 50309
Balance Sheet Wellmark Inc
Des Moines, IA 		Click to
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Total Assets 3.30B
Capital and Reserves Wellmark Inc
Des Moines, IA 		Click to
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Risk-Adjusted Capital Ratio #1 5.95
Risk-Adjusted Capital Ratio #2 4.96
1-Year Reserve Development --
2-Year Reserve Development --
Capital 2.23B
Premium to Surplus --
Reserves to Surplus --
Investments Wellmark Inc
Des Moines, IA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Wellmark Inc
Des Moines, IA 		Click to
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Medical Loss Ratio 86.71%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Wellmark Inc
Des Moines, IA 		Click to
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Bonus Pay 589.39K
Capitation Pay 0.00
Contractual Pay 1.19M
Enrollment 1.12M
Fee For Service 167.52K
Medical Expense Per Member Per Month $215.00
Network Physicians 9.88K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 3.09M
Total Patient Encounters-Non-Physician 2.22M
Profitability Wellmark Inc
Des Moines, IA 		Click to
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Net Income 110.14M
Net Premium 1.93B
Health Premium 1.93B
Weiss Ratings