Major Rating Factors:
Weak profitability index (1.3 on a scale of 0 to 10) with 19.3 million in losses in the last two years. Average return on equity over the last five years has been poor at -4.7%. Good overall results on stability tests (5.5) despite excessive capital growth during 2022. Rating is significantly influenced by the acceptable financial results of Kaiser Foundation Health Plan Inc. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.7) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
ID, WA
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
Kaiser Foundation Health Plan Inc
Investment Rating
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Company Address
2715 Naches Ave. SW
Renton, WA 98057
Renton, WA 98057
Phone Number
(888) 901-4636
NAIC Number
47055
Largest Affiliates