D
Southeastern IN Hlth Org Inc
Rating Date
April 2025
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 operating losses during 2021 and 2022. Average return on equity over the last five years has been poor at -10.7%. Fair overall results on stability tests (3.6) in spite of healthy premium and capital growth during 2022 but fair risk diversification due to the company's size. Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021.
Other Rating Factors: Excellent quality investment portfolio (9.3) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
445
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
417 Washington Street
Columbus, IN 47201
Phone Number
(812) 378-7000
NAIC Number
95812
Largest Affiliates
No affiliate information available.