B
Paramount Ins Co (OH)
ToledoOH
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: Fair overall results on stability tests (4.7 on a scale of 0 to 10). Good overall profitability index (6.8) despite a decline in earnings during 2021. Good overall capitalization (6.4) based on fair current risk-adjusted capital (severe loss scenario).
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: MI, OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
484
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
ProMedica Health Systems Inc
Investment Rating
--
Company Address
300 Madison Avenue
Toledo, OH 43604
Phone Number
(419) 887-2500
NAIC Number
11518
Largest Affiliates
C
Toledo, OH - Health
B
Toledo, OH - Health
B
Weiss Ratings