Sidecar Health Ins Co
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Weak overall results on stability tests (2.2) based on excessive premium growth during 2023, poor risk diversification due to the company's size and an excessive 287% enrollment growth during the period. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (7.5) based on excellent current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
AL, FL, GA, OH
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2381 Rosecrans Ave
El Segundo, CA 90245
El Segundo, CA 90245
Phone Number
(424) 666-2815
NAIC Number
17104
Website
Largest Affiliates
No affiliate information available.