D
AllCare Health Plan Inc
Rating Date
April 2025
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: Weak profitability index (1.7 on a scale of 0 to 10) with operating losses during 2018, 2021 and 2022. Average return on equity over the last five years has been poor at -2.3%. Weak capitalization index (1.3) based on weak current risk-adjusted capital (severe loss scenario). Fair overall results on stability tests (4.0) based on a decline in the number of member physicians during 2022. Potentially strong support from affiliation with AllCare Health Inc.
Other Rating Factors: Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.7) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: OR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
33
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
AllCare Health Inc
Investment Rating
--
Company Address
1701 Northeast Seventh Street
Grants Pass, OR 97526
Phone Number
(541) 471-4106
NAIC Number
12253
Largest Affiliates
C
Grants Pass, OR - Health