Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) despite a decline in earnings during 2022. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (8.4) 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 overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation.
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
