B
Aetna Better Hlth of IL Inc
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: Fair quality investment portfolio (3.8 on a scale of 0 to 10). Good overall profitability index (5.6) despite operating losses during 2019 and 2020. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2019. Excellent overall results on stability tests (7.7) 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: --
Licensed in: IL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
714
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
CVS Health Corporation
Investment Rating
CVS
Company Address
3200 Highland Avenue
Downers Grove, IL 60515
Phone Number
(866) 329-4701
NAIC Number
14053
Largest Affiliates
C
Franklin, TN - Health
B
Blue Bell, PA - Health
B
Rockville, MD - Health
B
Richmond, VA - Health
U
Hartford, CT - Health
Weiss Ratings