C
Cigna HealthCare of AZ Inc
PhoenixAZ
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 (2.9 on a scale of 0 to 10). Fair overall results on stability tests (3.6) based on a steep decline in capital during 2022. Rating is significantly influenced by the strong financial results of The Cigna Group. Weak profitability index (0.9) with 40.4 million in losses in the last two years. Average return on equity over the last five years has been poor at -7.5%.
Other Rating Factors: Weak liquidity (2.7) as a spike in claims may stretch capacity. Excellent capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Principal Lines of Business: --
Licensed in: AZ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
974
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
0
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The Cigna Group
Investment Rating
CI
Company Address
25500 North Norterra Drive
Phoenix, AZ 85085
Phone Number
(919) 854-7469
NAIC Number
95125
Largest Affiliates
B
Nashville, TN - Health
C
Saint Louis, MO - Health
C
Bloomfield, CT - Health
B
Nashville, TN - Health
D
Nashville, TN - Health
Weiss Ratings