Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 14.2 million in losses in the last five years. Average return on equity has been poor at -22.4%. Fair overall capitalization (3.8) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last four years. Fair overall results on stability tests (3.0) based on fair risk diversification due to the company's size, a steep decline in capital during 2022.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
Memorial Hermann Healthcare System Inc
Investment Rating
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Company Address
929 Gessner Road
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 338-5252
NAIC Number
15489
Largest Affiliates