Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 17.3 million in losses in the last five years. Average return on equity has been poor at -67.3%. Weak quality investment portfolio (0.8) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (3.3) based on fair risk diversification due to the company's size.
Other Rating Factors:
Excellent capitalization index (7.7) 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. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
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.