Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) based on inconsistent enrollment growth in the past five years due to declines in 2020 and 2021, excessive capital growth during 2021. Rating is significantly influenced by the strong financial results of Medical Mutual of Ohio. Good quality investment portfolio (6.2) containing significant exposure to junk bonds. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (7.8) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (0.9) with operating losses during 2017, 2019 and 2021. Average return on equity over the last five years has been poor at -8.2%.
Principal Lines of Business:
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Licensed in:
OH
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
Medical Mutual of Ohio
Investment Rating
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Company Address
2060 East Ninth Street
Cleveland, OH 44115
Cleveland, OH 44115
Phone Number
(216) 687-7000
NAIC Number
95828
Website
Largest Affiliates
