A
CareSource Ohio Inc
DaytonOH
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: Excellent profitability (7.1 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (8.7) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (7.9) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.8) based on consistent premium and capital growth in the last five years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
654
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareSource
Investment Rating
--
Company Address
230 North Main Street
Dayton, OH 45402
Phone Number
(937) 531-3300
NAIC Number
95201
Largest Affiliates
B
Atlanta, GA - Health
B
Dayton, OH - Health
B
Dayton, OH - Health
B
Dayton, OH - Health
U
Dayton, OH - Health
Weiss Ratings