B
LifeWise Assurance Co
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
2.88
Risk Adjusted
Capital Ratio #2
2.40
Total
Assets
270.48M
Capital
179.08M
Health
Premiums
223.75M
Net
Income
15.20M
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Weiss Ratings LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Rating B
Capitalization Index 8.90
Investment Safety Index 8.60
Liquidity Index 6.77
Profitability Index 6.31
Reserve Adequacy Index --
Stability Index 7.42
Company Info LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Industry Health
NAIC Number 94188
Phone Number (425) 918-4575
Website www.lifewiseac.com
Address 7001 220th Street, SW Mountlake Terrace, WA 98043
Balance Sheet LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Total Assets 270.48M
Capital and Reserves LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Risk-Adjusted Capital Ratio #1 2.88
Risk-Adjusted Capital Ratio #2 2.40
1-Year Reserve Development --
2-Year Reserve Development --
Capital 179.08M
Premium to Surplus --
Reserves to Surplus --
Investments LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Medical Loss Ratio 76.67%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Bonus Pay 29.00
Capitation Pay 0.00
Contractual Pay 30.90K
Enrollment 288.98K
Fee For Service 1.62K
Medical Expense Per Member Per Month $202.00
Network Physicians 50.62K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 75.63K
Total Patient Encounters-Non-Physician 26.19K
Profitability LifeWise Assurance Co
Mountlake Terrace, WA 		Click to
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Net Income 15.20M
Net Premium 223.76M
Health Premium 223.75M