B
Allegiance L&H Ins Co
Rating Date
June 2024
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: Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been low, averaging 2.9% over the last five years. Good overall results on stability tests (5.1) despite a decline in enrollment during 2022. Rating is significantly influenced by the strong financial results of The Cigna Group. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MT
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
The Cigna Group
Investment Rating
CI
Company Address
2806 South Garfield Street
Missoula, MT 59806
Phone Number
(406) 721-2222
NAIC Number
12814
Largest Affiliates
B
Nashville, TN - Health
C
Saint Louis, MO - Health
C
Bloomfield, CT - Health
B
Nashville, TN - Health
C
Phoenix, AZ - Health