Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak overall results on stability tests (2.8) based on a steep decline in premium revenue in 2023, a decline in the number of member physicians during 2023. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
CA
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
777 S harbor Blvd
La Habra, CA 90631
La Habra, CA 90631
Phone Number
(925) 948-4700
NAIC Number
16979
Website
Largest Affiliates