B
Sharp Health Plan
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: Excellent profitability (8.5 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent overall results on stability tests (7.3) based on consistent premium and capital growth in the last five years.
Other Rating Factors: Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
460
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
None
Investment Rating
--
Company Address
8520 Tech Way
San Diego, CA 92123
Phone Number
(858) 499-8300
NAIC Number
--
Largest Affiliates
No affiliate information available.
Weiss Ratings