Florida Blue Medicare Inc
Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) in spite of steady enrollment growth, averaging 3% over the past five years but inordinate decline in capital during 2023. Rating is significantly influenced by the strong financial results of GuideWell Mutual Holding Corporation. Good quality investment portfolio (6.5) containing significant exposure to junk bonds. Excellent capitalization index (7.6) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (0.9) with 436.4 million in losses in the last four years.
Principal Lines of Business:
--
Licensed in:
FL
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
GuideWell Mutual Holding Corporation
Investment Rating
--
Company Address
4800 Deerwood Campus Parkway
Jacksonville, FL 32246
Jacksonville, FL 32246
Phone Number
(904) 791-6111
NAIC Number
16490
Website
Largest Affiliates