Justify Holdings Inc

Louisville, KY

Rating Date

September 2023

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.78

Risk Adjusted
Capital Ratio #2

1.48

Total
Assets

41.13M

Capital

27.39M

Health
Premiums

1.08M

Net
Income

3.87M

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Report

Major Rating Factors: Weak profitability index (1.1 on a scale of 0 to 10) with operating losses during 2021. Excellent capitalization index (7.5) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.8).

Other Rating Factors: Excellent liquidity (8.0) with ample operational cash flow and liquid investments.

Principal Lines of Business: --

Licensed in: KY

Principal Enrollment Breakdown: --

Other Highlights

Medical Loss Ratio

122.58%

Medical Expense

Per Member Per Month ($)

Provider Compensation ($000)

Capitation Pay

2,259

Fee For Service

Contractual Pay

43,927

Salary

Bonus

Other

Member Physicians

Enrollment

Total Patient Encounters

Physician

Non-Physician

3,472

Corporate Info

Group Affiliation

None

Investment Rating

EVH

Company Address

5100 Commerce Crossings Drive
Louisville, KY 40229

Phone Number

(502) 585-7900

NAIC Number

16609

Website

http://www.passporthealthplan.com/members/ky/en-US/pages/home.aspx

Largest Affiliates

No affiliate information available.