B
Humana Medical Plan of PA Inc
Rating Date
June 2024
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 profitability index (3.6 on a scale of 0 to 10) with operating losses during 2018 and 2021. Return on equity has been low, averaging 0.9% over the last five years. Fair overall results on stability tests (4.5). Rating is significantly influenced by the excellent financial results of Humana Inc. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.6) containing small junk bond exposure. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NC, PA, SC, VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
977
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
8
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
402
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
HUM
Company Address
500 West Main Street
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
14462
Largest Affiliates
A
De Pere, WI - Health
A
Louisville, KY - Health
A
Louisville, KY - Health
A
Waukesha, WI - Health
A
Louisville, KY - Health
Weiss Ratings