C
Cigna HealthCare of GA Inc
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: Weak profitability index (0.9 on a scale of 0 to 10) with 233.5 million in losses in the last four years. Average return on equity over the last five years has been poor at -83.3%. Weak quality investment portfolio (1.6). Good overall results on stability tests (5.4) despite fair risk-adjusted capital in prior years, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of The Cigna Group.
Other Rating Factors: Excellent capitalization (7.8) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: GA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
760
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
The Cigna Group
Investment Rating
CI
Company Address
900 Cottage Grove Road
Bloomfield, CT 06002
Phone Number
(404) 443-8800
NAIC Number
96229
Largest Affiliates
B
Nashville, TN - Health
C
Saint Louis, MO - Health
B
Nashville, TN - Health
C
Phoenix, AZ - Health
D
Nashville, TN - Health
Weiss Ratings