C
LifeWise Assurance Co
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good overall profitability index (6.5 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (5.2) based on steady enrollment growth, averaging 4% over the past five years. Rating is significantly influenced by the acceptable financial results of PREMERA. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization index (8.8) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.8) containing small junk bond exposure.
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 ($)
72
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
-1
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