B
Wellmark Inc
Rating Date
September 2023
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 quality investment portfolio (3.5 on a scale of 0 to 10). Good overall profitability index (6.2) with operating gains in each of the last five years. Good overall results on stability tests (6.6).
Other Rating Factors: Excellent liquidity (6.9) 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: --
Licensed in: IA, SD
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
216
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Wellmark Inc
Investment Rating
--
Company Address
1331 Grand Avenue
Des Moines, IA 50309
Phone Number
(515) 376-4500
NAIC Number
88848
Largest Affiliates
B
Sioux Falls, SD - Health
B
Des Moines, IA - Health
U
Des Moines, IA - Health
C
Des Moines, IA - Health
Weiss Ratings