D
MAGNOLIA HEALTH PLAN INC
Data as of
December 31, 2020
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (0.9 on a scale of 0 to 10). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario).
Other Rating Factors: High quality investment portfolio (8.0).
Principal Lines of Business: Medicaid (98.9%), Medicare (1.1%)
Licensed in: MS
Principal Enrollment Breakdown: HMO (100.0%)
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
390
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
Bonus
Other
0
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
111 East Capitol Street Suite
Jackson, MS 39201
Phone Number
(314) 725-4477
NAIC Number
13923
Website
--
Largest Affiliates
No affiliate information available.
Weiss Ratings