Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) due to a decline in earnings during 2022. Return on equity has been low, averaging 2.0% over the last five years. Good quality investment portfolio (6.6) containing junk bond exposure equal to 84.3% of capital. Good overall results on stability tests (5.0) despite rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
Other Rating Factors:
Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
NY
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
95234
Website
Largest Affiliates