B
Local Initiative Hlth Authorit
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.90
Risk Adjusted
Capital Ratio #2
2.40
Total
Assets
268.58M
Capital
1.38B
Health
Premiums
5.83B
Net
Income
309.40M
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Major Rating Factors: Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2020 and 2022. Good overall results on stability tests (6.1) based on steady enrollment growth, averaging 6% over the past five years. Excellent capitalization (8.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
94.39%
Medical Expense
Per Member Per Month ($)
494
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
2,881,499
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
(213) 694-1250
NAIC Number
--
Website
http://www.lacare.org
Largest Affiliates
No affiliate information available.