B
Liberty Advantage LLC
Rating Date
September 2023
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 (3.4 on a scale of 0 to 10) based on an excessive 42% enrollment growth during the period, poor risk diversification due to the company's size and a decline in the number of member physicians during 2021. Good overall profitability index (5.9) despite operating losses during 2017, 2018 and 2019. Excellent capitalization index (7.0) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NC
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
99
Other
--
Member Physicians
0
Enrollment
787
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2334 South 41st Street
Glen Allen, VA 28403
Phone Number
(910) 815-3122
NAIC Number
16170
Largest Affiliates
No affiliate information available.
Weiss Ratings