Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2018, 2020 and 2021. Weak overall results on stability tests (0.6) based on a significant -24% decrease in enrollment during the period, a decline in the number of member physicians during 2022 and weak risk-adjusted capital in prior years. Fair capitalization (2.9) based on good current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (8.0) 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
2028 East Ben White Boulevard
Austin, TX 78741
Austin, TX 78741
Phone Number
(512) 978-8454
NAIC Number
14151
Website
Largest Affiliates
No affiliate information available.