B
Empire HealthChoice Assr Inc
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 quality investment portfolio (3.7 on a scale of 0 to 10). Good overall profitability index (5.6) despite a decline in earnings during 2021. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (9.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (6.9). Rating is significantly influenced by the strong financial results of Elevance Health Inc.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
303
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
Elevance Health Inc
Investment Rating
ELV
Company Address
One Penn Plaza
New York, NY 10119
Phone Number
(212) 563-5570
NAIC Number
55093
Largest Affiliates
B
Indianapolis, IN - Health
B
Richmond, VA - Health
B
Mason, OH - Health
C
Woodland Hills, CA - Health
B
Indianapolis, IN - Health
Weiss Ratings