Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2019 and 2021. Return on equity has been low, averaging 2.9% over the last five years. Fair overall results on stability tests (3.1) based on fair risk diversification due to the company's size, a decline in the number of member physicians during 2023. Excellent capitalization index (9.6) based on excellent 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 no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
Memorial Hermann Healthcare System Inc
Investment Rating
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Company Address
929 Gessner
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 338-5252
NAIC Number
16433
Largest Affiliates