Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) based on rapid premium growth over the last five years. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Good quality investment portfolio (6.5) containing significant exposure to junk bonds. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent profitability (7.5) despite a decline in earnings during 2022. Excellent capitalization (8.8) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Principal Lines of Business:
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Licensed in:
All states except NY
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
CVS Health Corporation
Investment Rating
Company Address
151 Farmington Avenue
Hartford, CT 06156
Hartford, CT 06156
Phone Number
(800) 872-3862
NAIC Number
78700
Website
Largest Affiliates
