B
Quartz Hlth Benefit Plans Corp
MadisonWI
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 overall profitability index (5.8 on a scale of 0 to 10) despite a decline in earnings during 2021. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (4.9) in spite of steady enrollment growth, averaging 7% over the past five years.
Other Rating Factors: Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: IL, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
615
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
University Health Care Inc
Investment Rating
--
Company Address
2650 Novation Parkway
Madison, WI 53713
Phone Number
(608) 643-2491
NAIC Number
95796
Largest Affiliates
C
Madison, WI - Health
B
Fitchburg, WI - Health
B
Madison, WI - Health
Weiss Ratings