E
CareConnect Ins Co
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
50.07
Risk Adjusted
Capital Ratio #2
41.72
Total
Assets
96.09M
Capital
94.51M
Health
Premiums
0.00
Net
Income
-27.70K
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Major Rating Factors: Weak overall results on stability tests (2.1 on a scale of 0 to 10) based on a steep decline in premium revenue in 2022. Good overall profitability index (6.1) despite operating losses during 2018. 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 (9.7) containing small junk bond exposure. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: (No states)
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
-823.33%
Medical Expense
Per Member Per Month ($)
--
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
0
Enrollment
0
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Northwell Health Inc
Investment Rating
--
Company Address
2200 Northern Boulevard
East Hills, NY 11548
Phone Number
(516) 401-5830
NAIC Number
15309
Website
http://www.careconnect.com
Largest Affiliates
No affiliate information available.