Capricorn Holdco Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 16.1 million in losses in the last five years. Average return on equity has been poor at -59.9%. Weak quality investment portfolio (0.2) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.7) based on a steep decline in capital during 2022. Rating is significantly influenced by the weak financial results of Elevance Health Inc.
Other Rating Factors:
Good capitalization (5.8) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the fair level during recent years. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
IN
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
Elevance Health Inc
Investment Rating
Company Address
220 Virginia Avenue
Indianapolis, IN 46204
Indianapolis, IN 46204
Phone Number
(317) 432-6988
NAIC Number
13164
Website
Largest Affiliates