E
Sonder Health Plans Inc
AtlantaGA
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (0.0 on a scale of 0 to 10) with 15.1 million in losses in the last three years. Weak overall results on stability tests (0.8) based on an excessive 3,964% enrollment growth during the period. Rating is influenced by the weak financial results of AMG Holdco LLC. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors: Good capitalization index (5.4) based on fair current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: GA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
528
Provider Compensation ($000)
Capitation Pay
120
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
Member Physicians
0
Enrollment
447
Total Patient Encounters
Physician
0
Non-Physician
288
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6190 Powers Ferry Road, NW
Atlanta, GA 30339
Phone Number
(888) 977-5015
NAIC Number
16865
Largest Affiliates
No affiliate information available.