B
Health Partners Plans Inc
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 (7.7 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent quality investment portfolio (9.8) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.5) based on consistent premium and capital growth in the last five years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: PA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
429
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Jefferson (Philadelphia University + Thomas Jefferson University)
Investment Rating
--
Company Address
901 Market Street
Philadelphia, PA 19107
Phone Number
(215) 849-9606
NAIC Number
95066
Largest Affiliates
No affiliate information available.
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