B
Summa Ins Co
AkronOH
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 profitability index (5.3 on a scale of 0 to 10) despite operating losses during 2017, 2018 and 2019. Fair overall results on stability tests (4.7). Excellent capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
470
Provider Compensation ($000)
Capitation Pay
150
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Summa Health
Investment Rating
--
Company Address
1200 East Market Street
Akron, OH 44305
Phone Number
(330) 996-8410
NAIC Number
10649
Largest Affiliates
B
Akron, OH - Health
Weiss Ratings