Perennial Advantage of CO Inc
Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with modest operating losses during 2020, 2021 and 2023. Fair overall results on stability tests (3.1). Potential support from affiliation with Perennial Advantage of Colorado Intermediate LLC. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (7.6) 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 quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
CO
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
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Member Physicians
Enrollment
Total Patient Encounters
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Non-Physician
Corporate Info
Group Affiliation
Perennial Advantage of Colorado Intermediate LLC
Investment Rating
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Company Address
10900 Nuckols Road
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 396-6412
NAIC Number
16784
Website
Largest Affiliates