Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) based on a significant -37% decrease in enrollment during the period, a decline in the number of member physicians during 2023. Rating is significantly influenced by the acceptable financial results of EVRY Healthcare Inc. Fair liquidity (3.9) as cash resources may not be adequate to cover a spike in claims. Weak profitability index (0.9) with operating losses during 2022 and 2023.
Other Rating Factors:
Excellent capitalization (8.7) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
EVRY Healthcare Inc
Investment Rating
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Company Address
P.O. Box 571208
Dallas, TX 75357
Dallas, TX 75357
Phone Number
(855) 579-3879
NAIC Number
17135
Website
Largest Affiliates
No affiliate information available.