B
LifeWise Assurance Co
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall profitability index (6.3 on a scale of 0 to 10) with operating gains in each of the last five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (8.9) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.6) containing small junk bond exposure. Excellent overall results on stability tests (7.4) based on steady enrollment growth, averaging 2% over the past five years, consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of PREMERA.
Principal Lines of Business: --
Licensed in: AK, CA, ID, OR, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
50
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
29
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
PREMERA
Investment Rating
--
Company Address
7001 220th Street, SW
Mountlake Terrace, WA 98043
Phone Number
(425) 918-4575
NAIC Number
94188
Largest Affiliates
C
Mountlake Terrace, WA - Health
C
Mountlake Terrace, WA - Health
U
Mountlake Terrace, WA - Health
U
Mountlake Terrace, WA - Health
Weiss Ratings