Preferred Care Network Inc

Miami, FL

Rating Date

September 2023

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.94

Risk Adjusted
Capital Ratio #2

1.62

Total
Assets

297.29M

Capital

79.99M

Health
Premiums

608.82M

Net
Income

19.35M

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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	7.73
Investment Safety Index	7.45
Liquidity Index	6.82
Profitability Index	7.83
Reserve Adequacy Index	--
Stability Index	2.98

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	297.29M

Capital and Reserves	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.94
Risk-Adjusted Capital Ratio #2	1.62
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	79.99M
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	90.18%
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	53.32K
Capitation Pay	145.50K
Contractual Pay	416.47K
Enrollment	41.54K
Fee For Service	75.85K
Medical Expense Per Member Per Month	$1,877.00
Network Physicians	82.32K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	862.56K
Total Patient Encounters-Non-Physician	340.71K

Profitability	Preferred Care Network Inc Miami, FL	Click to Compare	Click to Compare	Click to Compare
Net Income	19.35M
Net Premium	608.82M
Health Premium	608.82M