| Weiss Ratings |
Covernet Ins Co
Guaynabo, PR |
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| Rating | ||||
| Capitalization Index | 8.60 | |||
| Investment Safety Index | -- | |||
| Liquidity Index | 7.90 | |||
| Profitability Index | 7.70 | |||
| Reserve Adequacy Index | 9.10 | |||
| Stability Index | 2.10 | |||
| Company Info |
Covernet Ins Co
Guaynabo, PR |
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| Industry | P&C | |||
| NAIC Number | 16991 | |||
| Phone Number | (787) 620-5000 | |||
| Website | www.covernetinsurance.com | |||
| Address | Buchanan Office Center Guaynabo, PR 00968 | |||
| Balance Sheet |
Covernet Ins Co
Guaynabo, PR |
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| Total Assets | 8.11M | |||
| Capital and Reserves |
Covernet Ins Co
Guaynabo, PR |
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| Risk-Adjusted Capital Ratio #1 | 3.16 | |||
| Risk-Adjusted Capital Ratio #2 | 2.06 | |||
| 1-Year Reserve Development | -2.65% | |||
| 2-Year Reserve Development | -0.63% | |||
| Capital | 5.07M | |||
| Premium to Surplus | 16.35% | |||
| Reserves to Surplus | 6.39% | |||
| Investments |
Covernet Ins Co
Guaynabo, PR |
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| Cash | -- | |||
| CMO & Structured Securities | -- | |||
| Common & Preferred Stock | -- | |||
| Invested Assets | -- | |||
| Investments in Affiliates | -- | |||
| Mortgages in Good Standing | -- | |||
| Non-Investment Grade Bonds | -- | |||
| Non-Performing Mortgages | -- | |||
| Other Investment Grade Bonds | -- | |||
| Other Investments | -- | |||
| Real Estate | -- | |||
| Operating Ratios |
Covernet Ins Co
Guaynabo, PR |
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| Medical Loss Ratio | -- | |||
| Cash From Underwriting | 150.33% | |||
| Combined Ratio | 69.30% | |||
| Expense Ratio | 51.88% | |||
| Loss Ratio | 17.43% | |||
| Net Premium Growth | -21.43% | |||
| Other Medical |
Covernet Ins Co
Guaynabo, PR |
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| Bonus Pay | -- | |||
| Capitation Pay | -- | |||
| Contractual Pay | -- | |||
| Enrollment | -- | |||
| Fee For Service | -- | |||
| Medical Expense Per Member Per Month | -- | |||
| Network Physicians | -- | |||
| Other Pay | -- | |||
| Salary Pay | -- | |||
| Total Patient Encounters - Physician | -- | |||
| Total Patient Encounters-Non-Physician | -- | |||
| Profitability |
Covernet Ins Co
Guaynabo, PR |
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| Net Income | 318.69K | |||
| Net Premium | 829.54K | |||
| Health Premium | -- | |||