Care N Care Ins Co of NC Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2018, 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -94.5%. Weak liquidity (0.3) as a spike in claims may stretch capacity. Good capitalization (5.2) based on fair current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
Other Rating Factors:
Good overall results on stability tests (5.5) based on consistent premium and capital growth in the last five years but fair risk diversification due to the size of the company's affiliate group and a decline in the number of member physicians during 2022. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NC
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
None
Investment Rating
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Company Address
300 East Wendover Avenue
Greensboro, NC 27401
Greensboro, NC 27401
Phone Number
(336) 790-4386
NAIC Number
15685
Largest Affiliates
No affiliate information available.