Major Rating Factors:
Excellent profitability (9.2 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent overall capitalization (9.1) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good quality investment portfolio (5.8) containing junk bond exposure equal to 59.8% of capital. Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years and a decline in the number of member physicians during 2023. Rating is significantly influenced by the weak financial results of UnitedHealth Group Incorporated.
Principal Lines of Business:
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Licensed in:
DE, MO, NJ, OR, PA, RI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
Company Address
Four Research Drive
Shelton, CT 06484
Shelton, CT 06484
Phone Number
(203) 447-4500
NAIC Number
95506
Website
Largest Affiliates