Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 32.8 million in losses in the last five years. Average return on equity has been extremely poor. Fair overall results on stability tests (4.0) in spite of healthy premium and capital growth during 2023 but an excessive 44% enrollment growth during the period and fair risk diversification due to the size of the company's affiliate group. Excellent capitalization index (7.8) 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 (9.4) containing small junk bond exposure. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
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
CCA Holding Co Inc
Investment Rating
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Company Address
30 Winter Street
Boston, MA 02108
Boston, MA 02108
Phone Number
(617) 426-0600
NAIC Number
16542
Largest Affiliates