Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 175.0 million in losses in the last three years. Weak capitalization (2.8) based on fair current risk-adjusted capital (severe loss scenario). Fair overall results on stability tests (3.7) based on excessive premium growth during 2023, inordinate decline in capital during 2023.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NY
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
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independent Health Association Inc
Investment Rating
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Company Address
511 Farber Lakes Drive
Buffalo, NY 14221
Buffalo, NY 14221
Phone Number
(716) 631-3001
NAIC Number
47034
Website
Largest Affiliates