Major Rating Factors:
Weak profitability index (0.5 on a scale of 0 to 10) with 15.3 million in losses in the last four years. Weak quality investment portfolio (0.6) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Weak overall results on stability tests (1.9) based on excessive premium growth during 2022, a decline in the number of member physicians during 2022 and poor risk diversification due to the company's size.
Other Rating Factors:
Good capitalization index (5.1) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
NC
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
None
Investment Rating
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Company Address
615 South College Strreet
Charlotte, NC 28202
Charlotte, NC 28202
Phone Number
(704) 275-8900
NAIC Number
16593
Website
Largest Affiliates
No affiliate information available.