B
Montana Health Cooperative
HelenaMT
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Fair overall results on stability tests (3.8 on a scale of 0 to 10) based on inordinate decline in capital during 2022. Good overall profitability index (5.4) despite modest operating losses during 2021 and 2022. Good quality investment portfolio (5.8) containing junk bond exposure equal to 80.6% of capital.
Other Rating Factors: Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2019.
Principal Lines of Business: --
Licensed in: ID, MT, WY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
451
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
810 Hialeah Court
Helena, MT 59601
Phone Number
(406) 447-9510
NAIC Number
14933
Largest Affiliates
No affiliate information available.
Weiss Ratings