A
Local Initiative Hlth Authorit
Rating Date
January 2026
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
4.62
Risk Adjusted
Capital Ratio #2
2.82
Total
Assets
298.01M
Capital
1.93B
Health
Premiums
11.47B
Net
Income
860.14M
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Major Rating Factors: Excellent overall capitalization (9.5 on a scale of 0 to 10) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Good overall profitability index (6.7) despite operating losses during 2020 and 2022.
Other Rating Factors: Good overall results on stability tests (6.7) despite excessive capital growth during 2023.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
89.06%
Medical Expense
Per Member Per Month ($)
303
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
2,682,058
Total Patient Encounters
Physician
--
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1200 West Seventh Street
Los Angeles, CA 90017
Phone Number
(888) 452-2273
NAIC Number
--
Website
http://www.lacare.org
Largest Affiliates
No affiliate information available.