B
Wellpoint Maryland Inc
NorfolkVA
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: Fair quality investment portfolio (3.6 on a scale of 0 to 10). Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (9.9) with operating gains in each of the last five years.
Other Rating Factors: Excellent overall capitalization (8.7) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (8.7) based on consistent premium and capital growth in the last five years, steady enrollment growth, averaging 5% over the past five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business: --
Licensed in: AL, MD, RI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
289
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
Elevance Health Inc
Investment Rating
ELV
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Phone Number
(757) 490-6900
NAIC Number
95832
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
B
Indianapolis, IN - Health
Weiss Ratings