Wellmark of South Dakota Inc

Sioux Falls, SD

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

4.58

Risk Adjusted
Capital Ratio #2

3.82

Total
Assets

552.92M

Capital

310.28M

Health
Premiums

820.71M

Net
Income

17.87M

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Weiss Ratings	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	10.00
Investment Safety Index	4.81
Liquidity Index	6.70
Profitability Index	7.13
Reserve Adequacy Index	--
Stability Index	6.65

Company Info	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	60128
Phone Number	(605) 373-7200
Website	www.wellmark.com
Address	1601 West Madison Street Sioux Falls, SD 57104

Balance Sheet	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Total Assets	552.92M

Capital and Reserves	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	4.58
Risk-Adjusted Capital Ratio #2	3.82
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	310.28M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	88.19%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	10.00K
Capitation Pay	0.00
Contractual Pay	585.77K
Enrollment	155.03K
Fee For Service	120.69K
Medical Expense Per Member Per Month	$388.00
Network Physicians	3.38K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	753.82K
Total Patient Encounters-Non-Physician	598.53K

Profitability	Wellmark of South Dakota Inc Sioux Falls, SD	Click to Compare	Click to Compare	Click to Compare
Net Income	17.87M
Net Premium	820.71M
Health Premium	820.71M