B
Marquis Advantage Inc
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: Fair overall results on stability tests (3.3 on a scale of 0 to 10) in spite of consistent premium and capital growth in the last five years, steady enrollment growth, averaging 8% over the past five years but poor risk diversification due to the company's size. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Excellent profitability (7.8) despite modest operating losses during 2018.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OR
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
593
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
15937
Largest Affiliates
No affiliate information available.