E
Universal Care Inc
Rating Date
September 2023
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: Weak profitability index (0.9 on a scale of 0 to 10) with 224.4 million in losses in the last five years. Good capitalization index (5.6) based on fair current risk-adjusted capital (moderate loss scenario). Fair overall results on stability tests (3.5) based on rapid premium growth over the last five years, excessive capital growth during 2021.
Other Rating Factors: Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5455 Garden Grove Boulevard
Westminster, CA 92683
Phone Number
(866) 255-4795
NAIC Number
--
Largest Affiliates
No affiliate information available.
Weiss Ratings