Simpra Advantage Inc
Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) in spite of consistent premium and capital growth in the last five years but good risk-adjusted capital in prior years and fair risk diversification due to the company's size. Weak profitability index (1.2) due to a decline in earnings during 2023. Average return on equity over the last five years has been poor at -10.3%. Excellent capitalization (6.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
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:
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Licensed in:
AL
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
3008 Seventh Avenue, South
Birmingham, AL 35233
Birmingham, AL 35233
Phone Number
(205) 767-7930
NAIC Number
16103
Website
Largest Affiliates
No affiliate information available.