A
CarePlus Health Plans Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Weiss Ratings CarePlus Health Plans Inc
Louisville, KY
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Rating A
Capitalization Index 7.33
Investment Safety Index 7.26
Liquidity Index 5.90
Profitability Index 9.23
Reserve Adequacy Index --
Stability Index 8.15
Company Info CarePlus Health Plans Inc
Louisville, KY
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Industry Health
NAIC Number 01123
Phone Number (305) 441-9400
Website www.careplushealthplans.com
Address 500 West Main Street Louisville, KY 40202
Balance Sheet CarePlus Health Plans Inc
Louisville, KY
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Total Assets 1.02B
Capital and Reserves CarePlus Health Plans Inc
Louisville, KY
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Risk-Adjusted Capital Ratio #1 1.62
Risk-Adjusted Capital Ratio #2 1.35
1-Year Reserve Development --
2-Year Reserve Development --
Capital 278.96M
Premium to Surplus --
Reserves to Surplus --
Investments CarePlus Health Plans Inc
Louisville, KY
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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 CarePlus Health Plans Inc
Louisville, KY
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Medical Loss Ratio 87.46%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical CarePlus Health Plans Inc
Louisville, KY
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Bonus Pay 0.00
Capitation Pay 2.00M
Contractual Pay 726.65K
Enrollment 213.00K
Fee For Service 0.00
Medical Expense Per Member Per Month $1,269.00
Network Physicians 56.51K
Other Pay --
Salary Pay 290.72K
Total Patient Encounters - Physician 4.32M
Total Patient Encounters-Non-Physician 1.51M
Profitability CarePlus Health Plans Inc
Louisville, KY
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Net Income 54.50M
Net Premium 3.62B
Health Premium 3.63B
Weiss Ratings