D
Vermont Blue Advantage Inc
BerlinVT
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: Weak profitability index (0.9 on a scale of 0 to 10) with 37.2 million in losses in the last three years. Weak liquidity (0.3) as a spike in claims may stretch capacity. Fair overall results on stability tests (4.8) based on an excessive 163% enrollment growth during the period. Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co.
Other Rating Factors: Excellent capitalization index (7.8) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (8.9) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: VT
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
865
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
445 Industrial Lane
Berlin, VT 05602
Phone Number
(802) 505-3449
NAIC Number
16793
Largest Affiliates
B
Detroit, MI - Health
B
Southfield, MI - Health
B
Philadelphia, PA - Health
C
D
Des Moines, IA - Health
Weiss Ratings