CompBenefits Ins Co
Major Rating Factors:
Good overall results on stability tests (6.6 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2022. Rating is significantly influenced by the excellent financial results of Humana Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (7.9) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (8.2) containing small junk bond exposure. Weak profitability index (2.1) with 11.1 million in losses in the last two years. Return on equity has been low, averaging 0.9% over the last five years.
Principal Lines of Business:
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Licensed in:
All states except AK, CA, CT, DE, HI, MA, ME, MN, MT, NH, NJ, NY, RI, SD, VT, WI, WY
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
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Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Humana Inc
Investment Rating
Company Address
500 West Main Street
Louisville, KY 40202
Louisville, KY 40202
Phone Number
(502) 580-1000
NAIC Number
60984
Website
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