Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with 31.3 million in losses in the last five years. Average return on equity has been poor at -68.9%. Fair overall results on stability tests (4.3) in spite of consistent premium and capital growth in the last five years but a significant -18% decrease in enrollment during the period and fair risk diversification due to the company's size. Excellent overall capitalization (8.0) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
Memorial Hermann Healthcare System Inc
Investment Rating
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Company Address
929 Gessner Road
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 338-5252
NAIC Number
10076
Largest Affiliates