Trusted Health Plan
Major Rating Factors:
Excellent overall capitalization (9.3 on a scale of 0 to 10) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (1.9) with 7.1 million in losses in the current year. Return on equity has been fair, averaging 5.4% over the last five years. Weak overall results on stability tests (0.2) based on a significant -100% decrease in enrollment during the period, a decline in the number of member physicians during 2023 and a steep decline in capital during 2023. Rating is significantly influenced by the strong financial results of CareFirst Inc.
Principal Lines of Business:
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Licensed in:
DC, VA, WV
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
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareFirst Inc
Investment Rating
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Company Address
10455 Mill Run Circle
Owings Mills, MD 21117
Owings Mills, MD 21117
Phone Number
(410) 581-3000
NAIC Number
14225
Website
Largest Affiliates