B
Wellmark Health Plan of IA Inc
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.90
Risk Adjusted
Capital Ratio #2
3.25
Total
Assets
501.11M
Capital
293.79M
Health
Premiums
915.88M
Net
Income
89.57M
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Weiss Ratings Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Rating B
Capitalization Index 10.00
Investment Safety Index 4.53
Liquidity Index 7.08
Profitability Index 9.92
Reserve Adequacy Index --
Stability Index 7.17
Company Info Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Industry Health
NAIC Number 02024
Phone Number (515) 376-4500
Website www.wellmark.com
Address 1331 Grand Avenue Des Moines, IA 50309
Balance Sheet Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Total Assets 501.11M
Capital and Reserves Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Risk-Adjusted Capital Ratio #1 3.90
Risk-Adjusted Capital Ratio #2 3.25
1-Year Reserve Development --
2-Year Reserve Development --
Capital 293.79M
Premium to Surplus --
Reserves to Surplus --
Investments Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Medical Loss Ratio 75.64%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Bonus Pay 365.22K
Capitation Pay 2.58K
Contractual Pay 283.43K
Enrollment 153.17K
Fee For Service 43.90K
Medical Expense Per Member Per Month $380.00
Network Physicians 13.11K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 660.03K
Total Patient Encounters-Non-Physician 593.86K
Profitability Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Net Income 89.57M
Net Premium 915.88M
Health Premium 915.88M
Weiss Ratings