Major Rating Factors:
Good overall profitability index (6.8 on a scale of 0 to 10) despite operating losses during 2021. Good quality investment portfolio (5.1) containing junk bond exposure equal to 56.4% of capital. Good overall results on stability tests (6.8) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2023. Rating is influenced by the strong financial results of CareSource.
Other Rating Factors:
Excellent capitalization (7.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
GA
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
CareSource
Investment Rating
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Company Address
171 17th St NW
Atlanta, GA 30363
Atlanta, GA 30363
Phone Number
(678) 214-7500
NAIC Number
15710
Website
Largest Affiliates