Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 133.2 million in losses in the last five years. Average return on equity has been extremely poor. Fair capitalization (4.5) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last year. Fair overall results on stability tests (3.6) based on a significant -28% decrease in enrollment during the period, inordinate decline in capital during 2022 and fair risk diversification due to the size of the company's affiliate group.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
--
Licensed in:
MD
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Johns Hopkins HealthCare LLC
Investment Rating
--
Company Address
7231 Parkway Drive
Hanover, MD 21076
Hanover, MD 21076
Phone Number
(410) 424-4718
NAIC Number
15700
Website
Largest Affiliates