B
Dean Health Plan Inc
MadisonWI
Rating Date
June 2024
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: Good overall results on stability tests (6.1 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Medica Holding Co. Fair profitability index (3.9) with operating losses during 2021. Return on equity has been fair, averaging 7.2% over the last five years. Excellent capitalization index (8.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.2) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
391
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Medica Holding Co
Investment Rating
--
Company Address
1277 Deming Way
Madison, WI 53717
Phone Number
(608) 836-1400
NAIC Number
96156
Largest Affiliates
B
Minnetonka, MN - Health
B
Minnetonka, MN - Health
C
Madison, WI - Health
C
Minnetonka, MN - Health
C
Madison, WI - Health
Weiss Ratings