ConnectiCare Inc
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) due to a decline in earnings during 2021. Fair overall results on stability tests (3.2) based on a steep decline in capital during 2021. Rating is significantly influenced by the weak financial results of EmblemHealth Inc. Excellent capitalization (7.2) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated during prior years.
Other Rating Factors:
Excellent quality investment portfolio (9.1) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
--
Licensed in:
CT
Principal Enrollment Breakdown:
--
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
EmblemHealth Inc
Investment Rating
--
Company Address
175 Scott Swamp Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(860) 674-5700
NAIC Number
95675
Website
Largest Affiliates
