B
Regence BlueShield
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: Good overall profitability index (5.2 on a scale of 0 to 10) despite a decline in earnings during 2022. Good quality investment portfolio (6.1) containing junk bond exposure equal to 65.1% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.3) based on steady enrollment growth, averaging 3% over the past five years, consistent premium and capital growth in the last five years.
Principal Lines of Business: --
Licensed in: WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
306
Provider Compensation ($000)
Capitation Pay
425
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Cambia Health Solutions Inc
Investment Rating
--
Company Address
200 SW Market Street
Portland, OR 97201
Phone Number
(503) 721-7189
NAIC Number
53902
Largest Affiliates
A
Portland, OR - Health
A
Portland, OR - Health
B
Portland, OR - Health
A
Portland, OR - Health
B
Portland, OR - Health
Weiss Ratings