B
CareFirst of Maryland Inc
Rating Date
January 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall profitability index (5.8 on a scale of 0 to 10) despite a decline in earnings during 2023. Good quality investment portfolio (6.1) containing junk bond exposure equal to 53.9% of capital. Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent overall results on stability tests (7.3) based on consistent premium and capital growth in the last five years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: DC, MD
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
337
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
--
Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
47058
Largest Affiliates
A
Owings Mills, MD - Health
B
Owings Mills, MD - Health
B
Owings Mills, MD - Health
B
Owings Mills, MD - Health
D
Owings Mills, MD - Health