Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 10.9 million in losses in the last five years. Average return on equity has been poor at -65.0%. Fair overall results on stability tests (4.6) in spite of healthy premium and capital growth during 2023 but fair risk diversification due to the size of the company's affiliate group and an excessive 101% enrollment growth during the period. Good capitalization index (5.8) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
IL, MO, OH, TN
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
First Light Investments LLC
Investment Rating
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Company Address
225 West Washington Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(312) 205-7948
NAIC Number
16607
Website
Largest Affiliates