The ratings of
Highmark’s strongest level of risk-adjusted capitalization is supported by the strong operating results from its core health insurance business. Furthermore, the balance sheet and operating performance of Highmark’s affiliate,
While Highmark is a market leader in providing health products and services in its Blue Plan service areas in
The ratings of
United Concordia’s risk-adjusted capitalization has declined modestly over the past year based on the full year impact of the premiums from TRICARE Dental Program (TDP) contract and dividends to the parent offsetting net earnings. Premiums for
The ratings of Highmark Casualty reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate ERM.
Highmark Casualty’s strongest balance sheet assessment is driven by its high level of absolute capital in relation to its business and investment risk. Operating results has been consistently positive; however, there has been a fair degree of volatility in the level of premium and earnings based on product changes and the strategic focus of the company. Currently, the company assumes the majority of its premium revenue for medical stop-loss business from its affiliate,
The FSR of A (Excellent) and the Long-Term ICRs of “a” have been affirmed with a stable outlook for
HM Health Insurance Company
HM Life Insurance Company
HM Life Insurance Company of New York
Highmark Choice Company
Highmark West Virginia Inc.
The FSR of A (Excellent) and the Long-Term ICRs of “a” have been affirmed with a stable outlook for the following dental subsidiaries of
United Concordia Companies Inc.
United Concordia Insurance Company
United Concordia Insurance Company of New York
United Concordia Dental Plans of California, Inc.
United Concordia Dental Plans of Pennsylvania, Inc.
United Concordia Dental Plans, Inc.
The FSR of A- (Excellent) and the Long-Term ICRs of “a-” have been affirmed with a stable outlook for
The following Long-Term IRs have been affirmed with a stable outlook:
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Source: AM Best