B
Optimum Choice Inc
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: Excellent profitability (8.4 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (9.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. 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.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Fair quality investment portfolio (4.1).
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 ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
233
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
Minnetonka, MN - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health