Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2023. Weak overall results on stability tests (2.6) based on a steep decline in premium revenue in 2023. Rating is influenced by the weak financial results of Travis County Healthcare District Texas. Fair capitalization (2.9) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the fair level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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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
None
Investment Rating
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Company Address
1111 E Cesar Chavez Street
Austin, TX 78702
Austin, TX 78702
Phone Number
(512) 978-8454
NAIC Number
14151
Website
Largest Affiliates
No affiliate information available.