Major Rating Factors:
Fair overall results on stability tests (4.5 on a scale of 0 to 10) in spite of steady enrollment growth, averaging 8% over the past five years, healthy premium and capital growth during 2023 but a decline in the number of member physicians during 2023. Weak profitability index (2.6) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -4.7%. Weak quality investment portfolio (1.7) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Good capitalization index (5.5) 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 (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
FL
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
8600 Northwest 41 Street
Miami, FL 33166
Miami, FL 33166
Phone Number
(305) 631-5064
NAIC Number
16757
Website
Largest Affiliates
No affiliate information available.