A
MDwise 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 profitability (8.5 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (8.3) 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 (8.3).
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.5) based on consistent premium and capital growth in the last five years.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
395
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
0
Corporate Info
Group Affiliation
McLaren Health Care Corporation
Investment Rating
--
Company Address
2955 North Meridian Street
Indianapolis, IN 46208
Phone Number
(317) 822-7300
NAIC Number
95807
Largest Affiliates
A
Flint, MI - Health
B
Weiss Ratings