B
BC&BS of Florida Inc
Rating Date
June 2024
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 quality investment portfolio (6.4 on a scale of 0 to 10) containing junk bond exposure equal to 83.5% of capital. Good overall results on stability tests (5.8) based on steady enrollment growth, averaging 2% over the past five years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (7.8) with operating gains in each of the last five years. Excellent capitalization index (9.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
472
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
GuideWell Mutual Holding Corporation
Investment Rating
--
Company Address
4800 Deerwood Campus Parkway
Jacksonville, FL 32246
Phone Number
(904) 791-6111
NAIC Number
98167
Largest Affiliates
B
Jacksonville, FL - Health
C
San Juan, PR - Health
B
Tallahassee, FL - Health
C
Jacksonville, FL - Health
C
Guaynabo, PR - Health
Weiss Ratings