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Health Net Ratings and Company Information
Best Insurance Reports: B++
Url of page where rating was collected:
Best Rating: A.M. Best rating: B++ (good)
Type of Insurance Company: Stock
Name of Parent Company:
Health Net Federal Services, Inc.
Health Net Dental
Managed Health Network, Inc.
Company History: Health Net of California was founded in 1877 as a non-profit corporation. The company switched itself to a for-profit company in 1992. Health Net merged with Qualmed to form a company with a market value of $725 million under the name Health Systems International. Health Systems International and Foundation Health Corporations merged to form Foundation Health Systems in 1997. The newly formed company was the 4th largest health insurer nationwide and was estimated to be worth $1.27 billion. The company changed its name to Health Net and became a stock company in 2000.
Principle Sales Methods: Career agents
Health Business: Health Net specializes in Group and Individual Health, Medicare, Medicaid and TRIcare and Veterans Affairs insurance.
Special Business: Health Net specializes in Group and Individual Health, Medicare, Medicaid and TRIcare and Veterans Affairs insurance.
Company Financial Status:
Ticker Symbol: HNT (NYSE)
Assets & Premiums:
Total cash assets: $4.77 million
Total Revenues: $3.4 billion
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY