B
HMO Minnesota
EaganMN
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 quality investment portfolio (6.8 on a scale of 0 to 10) containing junk bond exposure equal to 78.0% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.2) with operating gains in each of the last five years.
Other Rating Factors: Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent overall results on stability tests (8.2) based on consistent premium and capital growth in the last five years. Rating is influenced by the acceptable financial results of Aware Integrated Inc.
Principal Lines of Business: --
Licensed in: MN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
718
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Aware Integrated Inc
Investment Rating
--
Company Address
3400 Yankee Drive
Eagan, MN 55121
Phone Number
(651) 662-8000
NAIC Number
95649
Largest Affiliates
C
Eagan, MN - Health
U
Eagan, MN - Health
Weiss Ratings