Major Rating Factors:
Excellent liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.8) based on an excessive 59% enrollment growth during the period. Rating is significantly influenced by the excellent financial results of Trinity Health Corporation. Excellent overall capitalization (8.6) 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. Weak profitability index (0.8) with operating losses during 2019, 2021 and 2022. Average return on equity over the last five years has been poor at -6.3%.
Principal Lines of Business:
--
Licensed in:
IA, OH
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
Trinity Health Corporation
Investment Rating
--
Company Address
3100 Easton Square Place
Columbus, OH 43219
Columbus, OH 43219
Phone Number
(407) 754-5667
NAIC Number
13123
Website
Largest Affiliates
