Major Rating Factors:
Weak profitability index (1.8 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -47.8%. Weak overall results on stability tests (2.0) based on a significant -16% decrease in enrollment during the period, a decline in the number of member physicians during 2023. Rating is influenced by the weak financial results of Prosano Inc. Excellent capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.8) containing small junk bond exposure. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ
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
None
Investment Rating
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Company Address
2444 West Las Palmaritas Drive
Phoenix, AZ 85021
Phoenix, AZ 85021
Phone Number
(602) 864-4100
NAIC Number
95982
Website
Largest Affiliates
No affiliate information available.