ConnectiCare Ins Co
Major Rating Factors:
Fair quality investment portfolio (3.9 on a scale of 0 to 10). Weak profitability index (0.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -9.3%. Excellent capitalization (6.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022.
Other Rating Factors:
Good overall results on stability tests (6.2) despite a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of EmblemHealth Inc. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CT, MA, NH
Principal Enrollment Breakdown:
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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
EmblemHealth Inc
Investment Rating
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Company Address
175 Scott Swamp Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(562) 435-3666
NAIC Number
11209
Website
Largest Affiliates