Major Rating Factors:
Fair quality investment portfolio (3.7 on a scale of 0 to 10). Good overall profitability index (6.3) with operating gains in each of the last five years. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (9.7) 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 consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022. 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 ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Elevance Health Inc
Investment Rating
Company Address
One Penn Plaza
New York, NY 10119
New York, NY 10119
Phone Number
(212) 563-5570
NAIC Number
55093
Website
Largest Affiliates
