Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2018, 2019, 2020 and 2022. Weak overall results on stability tests (2.7) in spite of healthy premium and capital growth during 2022 but poor risk diversification due to the size of the company's affiliate group and a significant -43% decrease in enrollment during the period. Rating is influenced by the weak financial results of Commonwealth Care Alliance Inc. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Good capitalization index (6.6) based on fair current risk-adjusted capital (severe loss scenario).
Principal Lines of Business:
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Licensed in:
CA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
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Medical Expense
Per Member Per Month ($)
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Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
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Enrollment
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Total Patient Encounters
Physician
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Non-Physician
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
18000 Studebaker Road
Cerritos, CA 90703
Cerritos, CA 90703
Phone Number
(909) 319-8533
NAIC Number
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Largest Affiliates
No affiliate information available.