Development
B
CareFirst of Maryland Inc
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
4.58
Risk Adjusted
Capital Ratio #2
3.82
Total
Assets
2.24B
Capital
1.24B
Health
Premiums
1.14B
Net
Income
28.34M
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Weiss Ratings CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Rating B
Capitalization Index 10.00
Investment Safety Index 6.33
Liquidity Index 7.21
Profitability Index 5.35
Reserve Adequacy Index --
Stability Index 6.64
Company Info CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Industry Health
NAIC Number 47058
Phone Number (410) 581-3000
Website individual.carefirst.com
Address 10455 Mill Run Circle Owings Mills, MD 21117
Balance Sheet CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Total Assets 2.30B
Capital and Reserves CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Risk-Adjusted Capital Ratio #1 4.40
Risk-Adjusted Capital Ratio #2 3.67
1-Year Reserve Development --
2-Year Reserve Development --
Capital 1.09B
Premium to Surplus --
Reserves to Surplus --
Investments CareFirst of Maryland Inc
Owings Mills, MD 		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 CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Medical Loss Ratio 87.84%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Bonus Pay 0.00
Capitation Pay 4.84K
Contractual Pay 1.82M
Enrollment 494.20K
Fee For Service 32.44K
Medical Expense Per Member Per Month $410.00
Network Physicians 62.12K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 2.91M
Total Patient Encounters-Non-Physician 2.58M
Profitability CareFirst of Maryland Inc
Owings Mills, MD 		Click to
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Net Income 61.28M
Net Premium 1.57B
Health Premium 1.57B