B
Santa Barbara San Luis Obispo
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
4.06
Risk Adjusted
Capital Ratio #2
2.51
Total
Assets
767.21M
Capital
212.73M
Health
Premiums
1.18B
Net
Income
53.11M
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Major Rating Factors: Good overall results on stability tests (5.3 on a scale of 0 to 10) based on steady enrollment growth, averaging 7% over the past five years but excessive capital growth during 2022. Fair profitability index (4.2) with operating losses during 2019, 2020 and 2021. Excellent capitalization index (9.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
85.14%
Medical Expense
Per Member Per Month ($)
1,454
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
231,592
Total Patient Encounters
Physician
--
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4050 Calle Real
Santa Barbara, CA 93110
Phone Number
(805) 685-9525
NAIC Number
--
Website
http://www.cencalhealth.org
Largest Affiliates
No affiliate information available.