Development
A
Providence Health Plan
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
5.38
Risk Adjusted
Capital Ratio #2
4.48
Total
Assets
1.46B
Capital
814.97M
Health
Premiums
1.15B
Net
Income
18.20M
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Weiss Ratings Providence Health Plan
Beaverton, OR 		Click to
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Rating A
Capitalization Index 10.00
Investment Safety Index 9.44
Liquidity Index 7.87
Profitability Index 7.47
Reserve Adequacy Index --
Stability Index 6.64
Company Info Providence Health Plan
Beaverton, OR 		Click to
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Industry Health
NAIC Number 01424
Phone Number (503) 574-7500
Website www.providencehealthplan.com
Address 3601 Southwest Murray Boulevard Beaverton, OR 97005
Balance Sheet Providence Health Plan
Beaverton, OR 		Click to
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Total Assets 1.79B
Capital and Reserves Providence Health Plan
Beaverton, OR 		Click to
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Risk-Adjusted Capital Ratio #1 5.67
Risk-Adjusted Capital Ratio #2 4.72
1-Year Reserve Development --
2-Year Reserve Development --
Capital 811.74M
Premium to Surplus --
Reserves to Surplus --
Investments Providence Health Plan
Beaverton, OR 		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 Providence Health Plan
Beaverton, OR 		Click to
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Medical Loss Ratio 89.08%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Providence Health Plan
Beaverton, OR 		Click to
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Bonus Pay 36.47K
Capitation Pay 21.29K
Contractual Pay 631.61K
Enrollment 172.94K
Fee For Service 340.03K
Medical Expense Per Member Per Month $1,141.00
Network Physicians 23.86K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 388.46K
Total Patient Encounters-Non-Physician 852.89K
Profitability Providence Health Plan
Beaverton, OR 		Click to
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Net Income 7.91M
Net Premium 1.62B
Health Premium 1.62B