Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) based on a significant -20% decrease in enrollment during the period, inordinate decline in capital during 2022. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Good overall profitability index (6.6) despite a decline in earnings during 2022. Good quality investment portfolio (5.8) containing junk bond exposure equal to 65.6% of capital.
Other Rating Factors:
Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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
509 Progress Drive
Linthicum, MD 21090
Linthicum, MD 21090
Phone Number
(800) 843-7421
NAIC Number
81973
Largest Affiliates