B
Physicians Hlth Plan (IN)
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 (4.7 on a scale of 0 to 10). Good quality investment portfolio (5.0) containing significant exposure to junk bonds. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.3) with operating losses during 2020 and 2021.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
469
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Physicians Health Plan of Northern Indiana Inc
Investment Rating
--
Company Address
1700 Magnavox Way
Fort Wayne, IN 46804
Phone Number
(260) 432-6690
NAIC Number
95436
Largest Affiliates
C
Fort Wayne, IN - Health
Weiss Ratings