C
Quartz Health Ins Corp
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: Fair profitability index (3.9 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 1.0% over the last five years. Weak quality investment portfolio (1.9). Weak overall results on stability tests (2.8) based on an overall decline in enrollment over the past five years. Potentially strong support from affiliation with University Health Care Inc.
Other Rating Factors: Excellent capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IL, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
828
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
849
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
University Health Care Inc
Investment Rating
--
Company Address
2650 Novation Pkwy
Madison, WI 53713
Phone Number
(608) 643-2491
NAIC Number
95341
Largest Affiliates
B
C
Fitchburg, WI - Health
C
Madison, WI - Health