C
Magnolia Health Plan Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings Magnolia Health Plan Inc
Ridgeland, MS
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Rating C
Capitalization Index 8.06
Investment Safety Index 4.23
Liquidity Index 6.91
Profitability Index 0.90
Reserve Adequacy Index --
Stability Index 4.45
Company Info Magnolia Health Plan Inc
Ridgeland, MS
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Industry Health
NAIC Number 13923
Phone Number (314) 725-4477
Website www.magnoliahealthplan.com
Address 1020 Highland Colony Parkway Ridgeland, MS 39157
Balance Sheet Magnolia Health Plan Inc
Ridgeland, MS
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Total Assets 377.84M
Capital and Reserves Magnolia Health Plan Inc
Ridgeland, MS
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Risk-Adjusted Capital Ratio #1 2.21
Risk-Adjusted Capital Ratio #2 1.84
1-Year Reserve Development --
2-Year Reserve Development --
Capital 151.46M
Premium to Surplus --
Reserves to Surplus --
Investments Magnolia Health Plan Inc
Ridgeland, MS
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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 Magnolia Health Plan Inc
Ridgeland, MS
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Medical Loss Ratio 87.53%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Magnolia Health Plan Inc
Ridgeland, MS
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Bonus Pay 7.83K
Capitation Pay 51.13K
Contractual Pay 828.57K
Enrollment 149.56K
Fee For Service 0.00
Medical Expense Per Member Per Month $647.00
Network Physicians 19.84K
Other Pay --
Salary Pay 18.00K
Total Patient Encounters - Physician 829.94K
Total Patient Encounters-Non-Physician 1.98M
Profitability Magnolia Health Plan Inc
Ridgeland, MS
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Net Income -7.81M
Net Premium 708.25M
Health Premium 708.25M
Weiss Ratings