Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with 37.2 million in losses in the last four years. Average return on equity over the last five years has been poor at -16.1%. Weak liquidity (0.7) as a spike in claims may stretch capacity. Good overall results on stability tests (5.5) despite good risk-adjusted capital in prior years, a decline in enrollment during 2023. Rating is significantly influenced by the acceptable financial results of Kaiser Permanente Inc.
Other Rating Factors:
Excellent capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Excellent quality investment portfolio (9.5) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
NJ, PA
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
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Kaiser Permanente Inc
Investment Rating
--
Company Address
100 North Academy Avenue
Danville, PA 17822
Danville, PA 17822
Phone Number
(570) 271-8777
NAIC Number
12743
Largest Affiliates