Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) based on an excessive 96% enrollment growth during the period, poor risk diversification due to the company's size and a decline in the number of member physicians during 2023. Excellent profitability (8.4) with operating gains in each of the last five years. Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ, NM, TX
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
21175 North Ninth Place
Phoenix, AZ 85024
Phoenix, AZ 85024
Phone Number
(877) 929-0030
NAIC Number
15238
Largest Affiliates
No affiliate information available.