E
Health Choice Utah Inc
MurrayUT
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: Good overall results on stability tests (4.9 on a scale of 0 to 10) in spite of consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years and fair risk diversification due to the size of the company's affiliate group. Potentially strong support from affiliation with The University of Utah. Excellent profitability (8.5) with operating gains in each of the last five years. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors: Excellent quality investment portfolio (7.8) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: (No states)
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
981
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The University of Utah
Investment Rating
--
Company Address
6056 South Fashion Square Drive
Murray, UT 84107
Phone Number
(801) 646-7296
NAIC Number
14481
Largest Affiliates