B
Sentara Health Plan
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 overall profitability index (5.7 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.2) based on steady enrollment growth, averaging 7% over the past five years, consistent premium and capital growth in the last five years. Rating is influenced by the acceptable financial results of Sentara Health. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Sentara Health
Investment Rating
--
Company Address
1300 Sentara Park
Virginia Beach, VA 23464
Phone Number
(757) 552-7401
NAIC Number
95281
Largest Affiliates
C
Doral, FL - Health
B
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health