Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.4) despite a decline in earnings during 2021. Excellent capitalization (8.2) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017.
Other Rating Factors:
Excellent quality investment portfolio (7.9) containing small junk bond exposure. Excellent overall results on stability tests (8.0) 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 Elevance Health Inc.
Principal Lines of Business:
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Licensed in:
IA
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
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
5800 Northampton Boulevard
Norfolk, VA 23502
Norfolk, VA 23502
Phone Number
(800) 331-1476
NAIC Number
15807
Website
Largest Affiliates
