Major Rating Factors:
Good overall profitability index (6.6 on a scale of 0 to 10) despite operating losses during 2018. Good overall results on stability tests (5.6) despite rapid premium growth over the last five years, excessive capital growth during 2021 and rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Excellent overall capitalization (9.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (8.9) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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
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
