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 2019, 2020, 2021 and 2023. Average return on equity over the last five years has been poor at -81.5%. Excellent capitalization (7.7) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent overall results on stability tests (7.8) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of Kaiser Permanente Inc. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
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
Kaiser Permanente Inc
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