Major Rating Factors:
Good capitalization (4.9 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Weak profitability index (0.9) with 251.8 million in losses in the current year. Average return on equity over the last five years has been poor at -1.2%. Weak liquidity (2.3) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent quality investment portfolio (9.3) containing small junk bond exposure. Excellent overall results on stability tests (8.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
PR
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
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Member Physicians
Enrollment
Total Patient Encounters
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Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
350 Chardon Avenue
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 622-3000
NAIC Number
11157
Website
Largest Affiliates