C
Kaiser Fndtn Hlth Plan of GA
AtlantaGA
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair capitalization (2.9 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the fair level during recent years. Weak profitability index (0.9) with 662.2 million in losses in the last four years. Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent quality investment portfolio (8.3) containing small junk bond exposure. Excellent overall results on stability tests (7.0) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of Kaiser Foundation Health Plan Inc.
Principal Lines of Business: --
Licensed in: GA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
780
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
Member Physicians
865
Enrollment
Total Patient Encounters
Physician
865
Non-Physician
Corporate Info
Group Affiliation
Kaiser Foundation Health Plan Inc
Investment Rating
--
Company Address
Nine Piedmont Center
Atlanta, GA 30305
Phone Number
(404) 364-7000
NAIC Number
96237
Largest Affiliates
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Weiss Ratings