B
Care Improvement Plus WI Ins
Rating Date
June 2024
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: Excellent profitability (8.4 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.5) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors: Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Weak overall results on stability tests (2.8) based on a steep decline in premium revenue in 2022, inordinate decline in capital during 2022 and a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of UnitedHealth Group Incorporated.
Principal Lines of Business: --
Licensed in: MI, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
592
Provider Compensation ($000)
Capitation Pay
45
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
9800 Health Care Lane
Minnetonka, MN 55343
Phone Number
(952) 936-1300
NAIC Number
14041
Largest Affiliates
A
Minnetonka, MN - Health
A
Las Vegas, NV - Health
B
Minnetonka, MN - Health
B
Milwaukee, WI - Health
B
Minnetonka, MN - Health