B
UnitedHealthcare Cmnty (MI)
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 (8.6 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.7) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.5) based on steady enrollment growth, averaging 7% over the past five years, consistent premium and capital growth in the last five years but excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
313
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
3000 Town Center Drive
Southfield, MI 48075
Phone Number
(248) 331-4389
NAIC Number
95467
Largest Affiliates
A
Minnetonka, MN - Health
A
Las Vegas, NV - Health
B
Minnetonka, MN - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health
Weiss Ratings