B
Quartz Hlth Benefit Plans Corp
MadisonWI
Rating Date
June 2024
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 results on stability tests (6.5 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.2) with 12.5 million in losses in the current year. Return on equity has been fair, averaging 6.2% over the last five years.
Other Rating Factors: Fair quality investment portfolio (4.1). Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Principal Lines of Business: --
Licensed in: IL, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
469
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
C
Fitchburg, WI - Health
C
Madison, WI - Health