C
Premera Blue Cross
Rating Date
September 2023
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: Fair profitability index (3.4 on a scale of 0 to 10) due to a decline in earnings during 2021. Fair quality investment portfolio (3.3). Good overall results on stability tests (5.9).
Other Rating Factors: Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: AK, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
532
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
PREMERA
Investment Rating
--
Company Address
7001 220th Street, SW
Mountlake Terrace, WA 98043
Phone Number
(425) 918-4000
NAIC Number
47570
Largest Affiliates
C
Mountlake Terrace, WA - Health
C
Mountlake Terrace, WA - Health
U
Mountlake Terrace, WA - Health
U
Mountlake Terrace, WA - Health
Weiss Ratings