B
Summa Ins Co
Akron,  OH
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.09
Risk Adjusted
Capital Ratio #2
2.58
Total
Assets
67.85M
Capital
37.34M
Health
Premiums
120.15M
Net
Income
795.28K
My Lists My Alerts
Weiss Ratings Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Rating B
Capitalization Index 9.17
Investment Safety Index 9.90
Liquidity Index 7.10
Profitability Index 5.05
Reserve Adequacy Index --
Stability Index 5.08
Company Info Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Industry Health
NAIC Number 10649
Phone Number (330) 996-8410
Website www.summacare.com
Address 1200 East Market Street Akron, OH 44305
Balance Sheet Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Total Assets 67.85M
Capital and Reserves Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Risk-Adjusted Capital Ratio #1 3.09
Risk-Adjusted Capital Ratio #2 2.58
1-Year Reserve Development --
2-Year Reserve Development --
Capital 37.34M
Premium to Surplus --
Reserves to Surplus --
Investments Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Medical Loss Ratio 78.92%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Bonus Pay 0.00
Capitation Pay 14.00
Contractual Pay 88.90K
Enrollment 18.67K
Fee For Service 0.00
Medical Expense Per Member Per Month $1,683.00
Network Physicians 22.00K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 28.55K
Total Patient Encounters-Non-Physician 15.37K
Profitability Summa Ins Co
Akron, OH 		Click to
Compare		 Click to
Compare		 Click to
Compare
Net Income 795.28K
Net Premium 120.15M
Health Premium 120.15M