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
Weiss Ratings Preferred Care Network Inc
Miami, FL
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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
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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
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Total Assets $297.29M
Capital and Reserves Preferred Care Network Inc
Miami, FL
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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
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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
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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
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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
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Net Income $19.35M
Net Premium $608.82M
Health Premium $608.82M
Weiss Ratings