B
UPMC Health Coverage 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 overall results on stability tests (4.6 on a scale of 0 to 10) based on rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of UPMC. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Weak profitability index (0.9) with 7.0 million in losses in the last two years. Weak quality investment portfolio (1.8).
Principal Lines of Business: --
Licensed in: MD, PA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
29
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UPMC
Investment Rating
--
Company Address
600 Grant Street
Pittsburgh, PA 15219
Phone Number
(412) 434-1200
NAIC Number
15451
Largest Affiliates
A
Pittsburgh, PA - Health
B
Pittsburgh, PA - Health
B
Pittsburgh, PA - Health
B
Pittsburgh, PA - Health
B
Pittsburgh, PA - Health