Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) despite a decline in earnings during 2022. Good overall results on stability tests (5.9) despite rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Good liquidity (6.7) 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. Excellent quality investment portfolio (8.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
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
CVS Health Corporation
Investment Rating
Company Address
9881 Mayland Drive
Richmond, VA 23233
Richmond, VA 23233
Phone Number
(804) 747-3700
NAIC Number
96555
Website
Largest Affiliates