Wellmark of South Dakota Inc
Major Rating Factors:
Good quality investment portfolio (5.5 on a scale of 0 to 10) containing junk bond exposure equal to 87.3% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.1) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (7.5) based on consistent premium and capital growth in the last five years.
Principal Lines of Business:
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Licensed in:
SD
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
Wellmark Inc
Investment Rating
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Company Address
1601 West Madison Street
Sioux Falls, SD 57104
Sioux Falls, SD 57104
Phone Number
(605) 373-7200
NAIC Number
60128
Website
Largest Affiliates