Medica Health Plans
Major Rating Factors:
Good quality investment portfolio (6.7 on a scale of 0 to 10) containing moderate junk bond exposure. Excellent profitability (8.4) despite a decline in earnings during 2022. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent overall results on stability tests (7.0) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022 and rapid enrollment growth during the past five years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
MN, ND, SD
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Medica Holding Co
Investment Rating
--
Company Address
401 Carlson Parkway
Minnetonka, MN 55305
Minnetonka, MN 55305
Phone Number
(952) 992-2900
NAIC Number
52626
Website
Largest Affiliates
