Major Rating Factors:
Good quality investment portfolio (6.0 on a scale of 0 to 10) containing significant exposure to junk bonds. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.6) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent overall capitalization (8.5) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (8.2) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
IN, MO, 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
Elevance Health Inc
Investment Rating
Company Address
2015 Staples Mill Road
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 354-7000
NAIC Number
95169
Website
Largest Affiliates