E
Seoul Medical Group Inc
Rating Date
January 2026
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
0.83
Risk Adjusted
Capital Ratio #2
0.69
Total
Assets
13.51M
Capital
6.50M
Health
Premiums
30.84M
Net
Income
-1.25M
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Major Rating Factors: Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2021 and 2023. Weak overall results on stability tests (0.0). Fair capitalization index (4.3) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors: Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: NJ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
91.54%
Medical Expense
Per Member Per Month ($)
1,092
Provider Compensation ($000)
Capitation Pay
3,100
Fee For Service
24,385
Contractual Pay
0
Salary
0
Bonus
0
Other
105
Member Physicians
73
Enrollment
2,192
Total Patient Encounters
Physician
73
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5000 Airport Plaza Drive
Long Beach, CA 90815
Phone Number
(562) 766-2009
NAIC Number
16998
Website
http://www.seoulmedicalgroup.com
Largest Affiliates
No affiliate information available.