B
Select Health of SC Inc
Rating Date
September 2025
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 (5.9 on a scale of 0 to 10) despite a decline in earnings during 2022. Good overall results on stability tests (6.3) despite a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of Independence Health Group Inc. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (8.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.6) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: KY, MS, RI, SC
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
552
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independence Health Group Inc
Investment Rating
--
Company Address
4900 O'Hear Avenue
North Charleston, SC 29405
Phone Number
(843) 569-1759
NAIC Number
95458
Largest Affiliates
B
Philadelphia, PA - Health
B
Philadelphia, PA - Health
B
Philadelphia, PA - Health
C
Cranbury, NJ - Health
B
Philadelphia, PA - Health