E
Clever Care of Golden State
ArcadiaCA
Rating Date
April 2025
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: Weak profitability index (0.4 on a scale of 0 to 10) with 87.9 million in losses in the last three years. Weak capitalization index (2.8) based on weak current risk-adjusted capital (severe loss scenario). Fair overall results on stability tests (2.9) based on excessive premium growth during 2022, an excessive 543% enrollment growth during the period.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
660 West Huntington Drive
Arcadia, CA 91007
Phone Number
(833) 388-8168
NAIC Number
--
Largest Affiliates
No affiliate information available.