ConnectiCare Benefits Inc
Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been low, averaging 1.3% over the last five years. Good quality investment portfolio (5.9) containing significant exposure to junk bonds. Good overall results on stability tests (5.9) despite excessive capital growth during 2023. Rating is significantly influenced by the strong financial results of EmblemHealth Inc.
Other Rating Factors:
Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CT
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
EmblemHealth Inc
Investment Rating
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Company Address
175 Scott Swamp Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(562) 435-3666
NAIC Number
14913
Website
Largest Affiliates