Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) based on rapid premium growth over the last five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Good overall profitability index (5.7) despite a decline in earnings during 2022. Good quality investment portfolio (6.5) containing significant exposure to junk bonds.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization (8.7) based on excellent 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