A
HMO Partners Inc
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 overall capitalization (8.8 on a scale of 0 to 10) 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 (9.1) containing small junk bond exposure. Weak profitability index (1.8) with operating losses during 2019 and 2021. Average return on equity over the last five years has been poor at -1.7%.
Other Rating Factors: Weak overall results on stability tests (2.8) based on an excessive 43% enrollment growth during the period. Rating is significantly influenced by the strong financial results of HMO Partners Inc. Weak liquidity (2.0) as a spike in claims may stretch capacity.
Principal Lines of Business: --
Licensed in: AR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
298
Provider Compensation ($000)
Capitation Pay
285
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
HMO Partners Inc
Investment Rating
--
Company Address
601 South Gaines
Little Rock, AR 72201
Phone Number
(501) 378-2000
NAIC Number
95442
Largest Affiliates
B
Little Rock, AR - Health
B
Little Rock, AR - Health
B
Little Rock, AR - Health
Weiss Ratings