A
Hawaii Mgmt Alliance Assn
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Excellent profitability (8.4 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2019. Excellent quality investment portfolio (9.6) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: HI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
347
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
652
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
500 Ala Moana Boulevard
Honolulu, HI 96813
Phone Number
(808) 791-7550
NAIC Number
48330
Largest Affiliates
No affiliate information available.
Weiss Ratings