Florida Health Care Plan Inc

Daytona Beach, FL

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

2.47

Risk Adjusted
Capital Ratio #2

2.06

Total
Assets

274.08M

Capital

170.30M

Health
Premiums

763.42M

Net
Income

22.66M

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Weiss Ratings	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	8.39
Investment Safety Index	9.28
Liquidity Index	7.02
Profitability Index	8.47
Reserve Adequacy Index	--
Stability Index	6.63

Company Info	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	13567
Phone Number	(386) 676-7100
Website	www.fhcp.com
Address	2450 Mason Avenue Daytona Beach, FL 32114

Balance Sheet	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Total Assets	274.08M

Capital and Reserves	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	2.47
Risk-Adjusted Capital Ratio #2	2.06
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	170.30M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	85.10%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	1.00K
Capitation Pay	18.79K
Contractual Pay	404.93K
Enrollment	74.83K
Fee For Service	57.50K
Medical Expense Per Member Per Month	$719.00
Network Physicians	8.30K
Other Pay	--
Salary Pay	74.28K
Total Patient Encounters - Physician	388.47K
Total Patient Encounters-Non-Physician	166.10K

Profitability	Florida Health Care Plan Inc Daytona Beach, FL	Click to Compare	Click to Compare	Click to Compare
Net Income	22.66M
Net Premium	763.42M
Health Premium	763.42M