B
UCare Minnesota
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall profitability index (6.1 on a scale of 0 to 10) despite operating losses during 2019. Good quality investment portfolio (5.6) containing junk bond exposure equal to 61.9% of capital. Excellent overall capitalization (9.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent overall results on stability tests (7.7) based on consistent premium and capital growth in the last five years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: MN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
682
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UCare Minnesota
Investment Rating
--
Company Address
500 Stinson Boulevard, NE
Minneapolis, MN 55413
Phone Number
(612) 676-6500
NAIC Number
52629
Largest Affiliates
B
Minneapolis, MN - Health
U
Minneapolis, MN - Health
Weiss Ratings