B
Preferred Care Network Inc
MiamiFL
Rating Date
June 2024
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 (4.8 on a scale of 0 to 10) based on fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.0) with operating gains in each of the last five years.
Other Rating Factors: Excellent capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Excellent quality investment portfolio (7.9) 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
Minnetonka, MN - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health
Weiss Ratings