B
Independent Health Assn
BuffaloNY
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (3.8) based on inordinate decline in capital during 2022. Excellent overall capitalization (8.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (8.6) containing small junk bond exposure. Weak profitability index (2.5) with 7.2 million in losses in the last two years.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independent Health Association Inc
Investment Rating
--
Company Address
511 Farber Lakes Drive
Buffalo, NY 14221
Phone Number
(716) 631-3001
NAIC Number
95308
Largest Affiliates
C
Buffalo, NY - Health