D
Align Senior Care Inc
Rating Date
April 2025
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.35
Risk Adjusted
Capital Ratio #2
2.79
Total
Assets
3.50M
Capital
2.94M
Health
Premiums
770.63K
Net
Income
-82.60K
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Major Rating Factors: Weak profitability index (1.4 on a scale of 0 to 10) with modest operating losses during 2020, 2021 and 2022. Fair overall results on stability tests (3.5) based on an excessive 193% enrollment growth during the period. Potential support from affiliation with New Enterprise Associates Inc. Excellent capitalization index (9.5) 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 (8.8) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MA, MS, VA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
59.36%
Medical Expense
Per Member Per Month ($)
2,570
Provider Compensation ($000)
Capitation Pay
43
Fee For Service
0
Contractual Pay
306
Salary
0
Bonus
6
Other
--
Member Physicians
4,052
Enrollment
58
Total Patient Encounters
Physician
4,052
Non-Physician
1,803
Corporate Info
Group Affiliation
New Enterprise Associates Inc
Investment Rating
--
Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
16579
Website
--
Largest Affiliates
C
Glen Allen, VA - Health
D
Glen Allen, VA - Health
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