CareFirst BlueChoice Inc
Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) based on inordinate decline in capital during 2023. Potentially strong support from affiliation with CareFirst Inc. Good quality investment portfolio (5.0). Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.2) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.5) with operating losses during 2021 and 2022. Return on equity has been low, averaging 0.5% over the last five years.
Principal Lines of Business:
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Licensed in:
DC, MD, VA
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
CareFirst Inc
Investment Rating
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Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
96202
Website
Largest Affiliates