Simpra Advantage Inc
Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) based on good risk-adjusted capital in prior years, fair risk diversification due to the company's size. Weak profitability index (1.9) with operating losses during 2018, 2020 and 2021. Average return on equity over the last five years has been poor at -14.1%. Good overall capitalization (6.7) based on fair current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years.
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.