B
HealthKeepers Inc
Rating Date
September 2023
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 (5.4 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Trigon Healthcare Inc. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (8.9) with operating gains in each of the last five years. Excellent overall capitalization (9.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: IN, MO, VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
649
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
Trigon Healthcare Inc
Investment Rating
--
Company Address
2015 Staples Mill Road
Richmond, VA 23230
Phone Number
(804) 354-7000
NAIC Number
95169
Largest Affiliates
B
Indianapolis, IN - Health
B
Mason, OH - Health
B
New York, NY - Health
C
Woodland Hills, CA - Health
B
Indianapolis, IN - Health
Weiss Ratings