Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) in spite of steady enrollment growth, averaging 9% over the past five years but inordinate decline in capital during 2023. Weak profitability index (0.9) with 103.1 million in losses in the last three years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (6.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (7.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
ME, NH
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
331 Veranda Street
Portland, ME 04103
Portland, ME 04103
Phone Number
(207) 774-5801
NAIC Number
15850
Website
Largest Affiliates
No affiliate information available.