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 (0.2) as a spike in claims may stretch capacity. Fair capitalization (4.6) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last year.
Other Rating Factors:
Fair overall results on stability tests (4.1) based on fair risk diversification due to the size of the company's affiliate group, 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
(888) 965-1965
NAIC Number
15685
Largest Affiliates
No affiliate information available.