C
THP Ins Co
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 (4.3 on a scale of 0 to 10) due to a decline in earnings during 2021. Weak overall results on stability tests (2.1). Potentially strong support from affiliation with The Health Plan of West Virginia Inc. Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018.
Other Rating Factors: Excellent quality investment portfolio (7.2) containing small junk bond exposure. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OH, WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
572
Provider Compensation ($000)
Capitation Pay
343
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The Health Plan of West Virginia Inc
Investment Rating
--
Company Address
1110 Main Street
Wheeling, WV 26003
Phone Number
(740) 695-3585
NAIC Number
60016
Largest Affiliates
B
Wheeling, WV - Health
Weiss Ratings