B
Aetna Better Health of TX 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: Good overall profitability index (6.4 on a scale of 0 to 10) despite operating losses during 2020. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.0) containing small junk bond exposure. Excellent overall results on stability tests (7.4) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Principal Lines of Business: --
Licensed in: TX
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
456
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
CVS
Company Address
1425 Union Meeting Road
Blue Bell, PA 19422
Phone Number
(800) 872-3862
NAIC Number
95040
Largest Affiliates
C
Franklin, TN - Health
B
Blue Bell, PA - Health
B
Downers Grove, IL - Health
B
Rockville, MD - Health
B
Richmond, VA - Health
Weiss Ratings