C
Apex Health Inc
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
2.22
Risk Adjusted
Capital Ratio #2
1.85
Total
Assets
6.96M
Capital
6.52M
Health
Premiums
392.68K
Net
Income
-375.18K
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Major Rating Factors: Fair overall results on stability tests (3.5 on a scale of 0 to 10) based on poor risk diversification due to the company's size. Weak profitability index (1.9) with modest operating losses during 2020, 2021 and 2022. Excellent capitalization index (8.1) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NC, SC
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
89.87%
Medical Expense
Per Member Per Month ($)
578
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
18
Contractual Pay
313
Salary
0
Bonus
0
Other
--
Member Physicians
10,303
Enrollment
198
Total Patient Encounters
Physician
10,303
Non-Physician
221
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
96 Kercheval Avenue
Grosse Pointe Farms, MI 48236
Phone Number
(313) 672-2107
NAIC Number
16467
Website
http://www.apexhealth.com
Largest Affiliates
No affiliate information available.