B
Preferred Care Network Inc
MiamiFL
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 (3.0 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (7.8) despite a decline in earnings during 2021.
Other Rating Factors: Excellent capitalization (7.7) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
9100 South Dadeland Boulevard
Miami, FL 33156
Phone Number
(305) 670-8440
NAIC Number
12155
Largest Affiliates
A
Minnetonka, MN - Health
A
Las Vegas, NV - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health
B
Minnetonka, MN - Health
Weiss Ratings