Care N Care Ins Co
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 49.9 million in losses in the last five years. Average return on equity has been poor at -50.3%. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (4.0) based on inordinate decline in capital during 2022, fair risk diversification due to the size of the company's affiliate group. Good overall capitalization (5.1) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated during prior years.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1603 Lyndon B. Johnson Freeway
Farmers Branch, TX 75234
Farmers Branch, TX 75234
Phone Number
(817) 810-5213
NAIC Number
13151
Website
Largest Affiliates
No affiliate information available.