Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with 334.3 million in losses in the current year. Weak overall results on stability tests (0.7) based on excessive premium growth during 2022, a decline in the number of member physicians during 2022. Weak liquidity (2.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent overall capitalization (8.6) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.3) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Horizon Healthcare Services Inc
Investment Rating
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Company Address
Three Penn Plaza, East
Newark, NJ 07105
Newark, NJ 07105
Phone Number
(973) 466-5607
NAIC Number
95529
Website
Largest Affiliates