C
Harvard Pilgrim HlthCare Inc
CantonMA
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 quality investment portfolio (3.3 on a scale of 0 to 10). Weak profitability index (2.7) with operating losses during 2017 and 2021. Good overall results on stability tests (5.9).
Other Rating Factors: Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization index (8.7) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: CT, MA, ME
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
788
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
Point32Health Inc
Investment Rating
--
Company Address
One Wellness Way
Canton, MA 02021
Phone Number
(617) 972-9400
NAIC Number
96911
Largest Affiliates
B
C
C
Canton, MA - Health
C
B
Canton, MA - Health
Weiss Ratings