Local Development
A
Highmark West Virginia Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Excellent profitability (8.5 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent overall results on stability tests (7.9) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Highmark Health.
Other Rating Factors: Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Good quality investment portfolio (6.7) containing junk bond exposure equal to 94.6% of capital.
Principal Lines of Business: --
Licensed in: WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
671
Provider Compensation ($000)
Capitation Pay
261
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Highmark Health
Investment Rating
--
Company Address
614 Market Street
Parkersburg, WV 26101
Phone Number
(304) 424-7700
NAIC Number
54828
Largest Affiliates
B
Pittsburgh, PA - Health
B
B
Wilmington, DE - Health
U
Pittsburgh, PA - Health
U
Pittsburgh, PA - Health
Weiss Ratings