Major Rating Factors:
Good overall profitability index (6.1 on a scale of 0 to 10) despite a decline in earnings during 2023. Good overall results on stability tests (5.5) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2023. Rating is significantly influenced by the weak financial results of UnitedHealth Group Incorporated. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (8.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
Company Address
170 Wood Avenue, South
Iselin, NJ 08830
Iselin, NJ 08830
Phone Number
(800)-328-5979
NAIC Number
95497
Website
Largest Affiliates