B
SummaCare Inc
Akron,  OH
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.70
Risk Adjusted
Capital Ratio #2
1.42
Total
Assets
123.60M
Capital
58.86M
Health
Premiums
315.75M
Net
Income
4.66M
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Weiss Ratings SummaCare Inc
Akron, OH 		Click to
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Rating B
Capitalization Index 7.43
Investment Safety Index 9.74
Liquidity Index 6.50
Profitability Index 4.45
Reserve Adequacy Index --
Stability Index 7.04
Company Info SummaCare Inc
Akron, OH 		Click to
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Industry Health
NAIC Number 01755
Phone Number (330) 996-8410
Website www.summacare.com
Address 1200 East Market Street Akron, OH 44305
Balance Sheet SummaCare Inc
Akron, OH 		Click to
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Total Assets 123.60M
Capital and Reserves SummaCare Inc
Akron, OH 		Click to
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Risk-Adjusted Capital Ratio #1 1.70
Risk-Adjusted Capital Ratio #2 1.42
1-Year Reserve Development --
2-Year Reserve Development --
Capital 58.86M
Premium to Surplus --
Reserves to Surplus --
Investments SummaCare Inc
Akron, OH 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios SummaCare Inc
Akron, OH 		Click to
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Medical Loss Ratio 84.77%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical SummaCare Inc
Akron, OH 		Click to
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Bonus Pay 15.74K
Capitation Pay 149.00
Contractual Pay 245.50K
Enrollment 23.35K
Fee For Service 0.00
Medical Expense Per Member Per Month $3,817.00
Network Physicians 22.00K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 98.66K
Total Patient Encounters-Non-Physician 52.17K
Profitability SummaCare Inc
Akron, OH 		Click to
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Net Income 4.66M
Net Premium 315.75M
Health Premium 315.75M