UPMC Health Benefits Inc
Major Rating Factors:
Good liquidity (6.5 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.0). Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (69.9%), other (30.1%)
Licensed in:
DC, DE, FL, MD, NJ, OH, PA, VA, WV
Principal Investments:
Investment grade bonds (79.1%), common stock (2.5%), non investment grade bonds (1.4%), cash (0.3%), other (16.6%)
Corporate Info
Group Affiliation
UPMC
Investment Rating
--
Company Address
600 Grant Street
Pittsburgh, PA 15219
Pittsburgh, PA 15219
Phone Number
(412) 434-1200
NAIC Number
11018
Website
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