Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating losses during 2018 and 2022. Return on equity has been fair, averaging 9.4% over the last five years. Fair overall results on stability tests (4.1) based on inordinate decline in capital during 2022, an overall decline in enrollment over the past five years. Good quality investment portfolio (6.3) containing junk bond exposure equal to 56.2% of capital.
Other Rating Factors:
Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
OH, WV
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The Health Plan of West Virginia Inc
Investment Rating
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Company Address
1110 Main Street
Wheeling, WV 26003
Wheeling, WV 26003
Phone Number
(740) 695-3585
NAIC Number
60016
Website
Largest Affiliates
