B
AmeriChoice of New Jersey Inc
IselinNJ
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: Good overall profitability index (5.2 on a scale of 0 to 10) despite operating losses during 2018 and 2019. Good quality investment portfolio (6.5) containing significant exposure to junk bonds. Good overall results on stability tests (5.3). Rating is significantly influenced by the weak financial results of UnitedHealth Group Incorporated.
Other Rating Factors: Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (9.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: NJ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
526
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
170 Wood Avenue, South
Iselin, NJ 08830
Phone Number
952 936 1300
NAIC Number
95497
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