E
MCS Advantage Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall results on stability tests (6.7 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years. Excellent profitability (8.5) despite a decline in earnings during 2021. Excellent capitalization (7.8) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: PR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
984
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
GH Healthcare Group LLC
Investment Rating
--
Company Address
255 Ponce de Leon Avenue
San Juan, PR 00917
Phone Number
(787) 758-2500
NAIC Number
13022
Largest Affiliates
W
San Juan, PR - Health
Weiss Ratings