B
Optimum Choice 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: Excellent profitability (8.4 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.9) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: DC, DE, MD, VA, WV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
334
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
468
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
800 King Farm Boulevard
Rockville, MD 20850
Phone Number
(240) 632-8109
NAIC Number
96940
Largest Affiliates
A
Minnetonka, MN - Health
A
Las Vegas, NV - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health
B
Minnetonka, MN - Health
Weiss Ratings