Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) based on excessive capital growth during 2023. Rating is significantly influenced by the strong financial results of Medical Mutual of Ohio. Weak profitability index (0.9) with operating losses during 2019, 2021 and 2022. Average return on equity over the last five years has been poor at -13.8%. Weak liquidity (2.3) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.8) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
AZ, 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
100 American Road
Cleveland, OH 44144
Cleveland, OH 44144
Phone Number
(216) 687-7000
NAIC Number
95828
Website
Largest Affiliates