Major Rating Factors:
Good overall results on stability tests (6.4 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of CVS Health Corporation. Fair profitability index (4.5) due to a decline in earnings during 2022. Return on equity has been fair, averaging 6.7% over the last five years. 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 (7.4) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CT, MA, NH, RI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
151 Farmington Avenue
Hartford, CT 06156
Hartford, CT 06156
Phone Number
(800) 872-3862
NAIC Number
95935
Website
Largest Affiliates