B
UnitedHealthcare of AL Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.2 on a scale of 0 to 10) based on fair risk-adjusted capital in prior years, a significant -99% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent profitability (7.5) despite modest operating losses during 2019. Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021.
Other Rating Factors: Excellent liquidity (10.0) with ample operational cash flow and liquid investments. Weak quality investment portfolio (1.5).
Principal Lines of Business: --
Licensed in: AL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
60
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
645
Total Patient Encounters
Physician
Non-Physician
922
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
22 Inverness Center Parkway
Birmingham, AL 35242
Phone Number
(251) 461-4266
NAIC Number
95784
Largest Affiliates
A
Minnetonka, MN - Health
A
Las Vegas, NV - Health
B
Minnetonka, MN - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health