B
Union Health Service Inc
ChicagoIL
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: Good overall results on stability tests (5.9 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but fair risk diversification due to the company's size and a decline in the number of member physicians during 2021. Fair profitability index (4.2) due to a decline in earnings during 2021. Excellent capitalization (7.1) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018.
Other Rating Factors: Excellent quality investment portfolio (8.1) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
237
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
Member Physicians
117
Enrollment
Total Patient Encounters
Physician
117
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1634 West Polk Street
Chicago, IL 60612
Phone Number
(312) 423-4200
NAIC Number
52553
Largest Affiliates
No affiliate information available.
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