Preferred Care Network Inc

Miami, FL

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.58

Risk Adjusted
Capital Ratio #2

1.31

Total
Assets

211.42M

Capital

64.60M

Health
Premiums

802.12M

Net
Income

26.29M

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Weiss Ratings	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	7.27
Investment Safety Index	7.88
Liquidity Index	6.68
Profitability Index	8.03
Reserve Adequacy Index	--
Stability Index	4.75

Company Info	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	12155
Phone Number	(305) 670-8440
Website	www.pcnhealth.com
Address	9100 South Dadeland Boulevard Miami, FL 33156

Balance Sheet	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Total Assets	211.42M

Capital and Reserves	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.58
Risk-Adjusted Capital Ratio #2	1.31
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	64.60M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Preferred Care Network Inc Miami, FL	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	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	89.14%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	51.64K
Capitation Pay	133.44K
Contractual Pay	437.17K
Enrollment	41.72K
Fee For Service	93.15K
Medical Expense Per Member Per Month	$1,438.00
Network Physicians	86.92K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	922.16K
Total Patient Encounters-Non-Physician	407.19K

Profitability	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Net Income	26.29M
Net Premium	802.12M
Health Premium	802.12M