E
Apex Health Inc
Rating Date
September 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.00
Risk Adjusted
Capital Ratio #2
0.84
Total
Assets
4.52M
Capital
3.15M
Health
Premiums
1.79M
Net
Income
-3.38M
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Major Rating Factors: Weak profitability index (0.2 on a scale of 0 to 10) with modest operating losses during 2020, 2021 and 2022. Weak overall results on stability tests (0.6). Rating is influenced by the weak financial results of JB Cotton & Co LLC. Good capitalization index (5.5) 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 ($)
199
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
18
Contractual Pay
313
Salary
0
Bonus
0
Other
--
Member Physicians
10,303
Enrollment
190
Total Patient Encounters
Physician
10,303
Non-Physician
221
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
96 Kercheval
Grosse Pointe Farms, MI 48236
Phone Number
(313) 672-2107
NAIC Number
16467
Website
http://www.apexhealth.com
Largest Affiliates
No affiliate information available.