A
Cariten Health Plan Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Excellent profitability (9.1 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent overall capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.7) containing small junk bond exposure.
Other Rating Factors: Good overall results on stability tests (6.8) based on steady enrollment growth, averaging 7% over the past five years. Rating is significantly influenced by the excellent financial results of Humana Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: AL, AZ, IL, KS, MO, NM, TN, TX
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
959
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
Humana Inc
Investment Rating
HUM
Company Address
2160 Lakeside Centre Way
Knoxville, TN 37922
Phone Number
(865) 470-3993
NAIC Number
95754
Largest Affiliates
A
De Pere, WI - Health
A
Louisville, KY - Health
A
Louisville, KY - Health
A
Waukesha, WI - Health
A
Louisville, KY - Health