D
Kaiser Fndtn Hlth Plan of WA
RentonWA
Rating Date
September 2023
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: Weak profitability index (0.7 on a scale of 0 to 10) with 226.3 million in losses in the last two years. Fair overall capitalization (4.2) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. Fair overall results on stability tests (3.3) based on excessive capital growth during 2021.
Other Rating Factors: Good quality investment portfolio (6.3) containing significant exposure to junk bonds. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
794
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Kaiser Foundation Health Plan Inc
Investment Rating
--
Company Address
1300 Southwest 27th Street
Renton, WA 98057
Phone Number
(888) 901-4636
NAIC Number
95672
Largest Affiliates
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Rockville, MD - Health
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Portland, OR - Health
B
Denver, CO - Health
C
Honolulu, HI - Health
C
Atlanta, GA - Health
Weiss Ratings