ConnectiCare Inc
Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite a decline in earnings during 2023. Good quality investment portfolio (6.0) containing junk bond exposure equal to 98.7% of capital. Good overall results on stability tests (5.2) despite excessive capital growth during 2023, a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of EmblemHealth Inc.
Other Rating Factors:
Excellent capitalization (7.2) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. 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
(562) 435-3666
NAIC Number
95675
Website
Largest Affiliates