B
CareSource Indiana Inc
DaytonOH
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: Good overall results on stability tests (6.0 on a scale of 0 to 10) despite rapid enrollment growth during the past five years, excessive capital growth during 2021. Potentially strong support from affiliation with CareSource. Excellent profitability (7.3) with operating gains in each of the last five years. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors: Excellent quality investment portfolio (9.6) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
376
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareSource
Investment Rating
--
Company Address
230 North Main Street
Dayton, OH 45402
Phone Number
(937) 224-3300
NAIC Number
10142
Largest Affiliates
A
Dayton, OH - Health
B
Atlanta, GA - Health
B
Dayton, OH - Health
B
Dayton, OH - Health
U
Dayton, OH - Health
Weiss Ratings