Development
B
Wellmark Health Plan of IA Inc
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
4.55
Risk Adjusted
Capital Ratio #2
3.79
Total
Assets
615.46M
Capital
366.32M
Health
Premiums
501.14M
Net
Income
60.31M
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Weiss Ratings Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Rating B
Capitalization Index 10.00
Investment Safety Index 4.09
Liquidity Index 6.93
Profitability Index 9.67
Reserve Adequacy Index --
Stability Index 7.90
Company Info Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Industry Health
NAIC Number 02024
Phone Number (515) 376-4500
Website www.wellmark.com
Address 1331 Grand Avenue Des Moines, IA 50309
Balance Sheet Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Total Assets 535.60M
Capital and Reserves Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Risk-Adjusted Capital Ratio #1 4.63
Risk-Adjusted Capital Ratio #2 3.86
1-Year Reserve Development --
2-Year Reserve Development --
Capital 323.28M
Premium to Surplus --
Reserves to Surplus --
Investments Wellmark Health Plan of IA Inc
Des Moines, IA 		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 Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Medical Loss Ratio 80.24%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Bonus Pay 343.75K
Capitation Pay 2.34K
Contractual Pay 230.81K
Enrollment 153.28K
Fee For Service 42.62K
Medical Expense Per Member Per Month $462.00
Network Physicians 12.53K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 646.17K
Total Patient Encounters-Non-Physician 521.62K
Profitability Wellmark Health Plan of IA Inc
Des Moines, IA 		Click to
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Net Income 85.90M
Net Premium 679.56M
Health Premium 679.56M