B
CareSource Georgia Co
AtlantaGA
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good overall profitability index (5.8 on a scale of 0 to 10) despite operating losses during 2018 and 2021. Excellent capitalization (7.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.9) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: GA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
224
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CareSource
Investment Rating
--
Company Address
600 Galleria Parkway
Atlanta, GA 30339
Phone Number
(678) 214-7500
NAIC Number
15710
Website
--
Largest Affiliates
A
Dayton, OH - Health
B
Dayton, OH - Health
B
Dayton, OH - Health
B
Dayton, OH - Health
U
Dayton, OH - Health
Weiss Ratings