B
Blue Cross Blue Shield Hlthcr
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: Good quality investment portfolio (6.5 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (5.3) despite a decline in enrollment during 2022. Rating is significantly influenced by the strong financial results of Elevance Health Inc. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (8.1) with operating gains in each of the last five years. Excellent overall capitalization (9.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: GA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
172
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
220 Virginia Avenue
Indianapolis, IN 46204
Phone Number
(317) 488-6000
NAIC Number
96962
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
B
New York, NY - Health
C
Woodland Hills, CA - Health
Weiss Ratings