ConnectiCare Ins Co
Major Rating Factors:
Fair overall capitalization (4.2 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last three years. Fair overall results on stability tests (3.2) based on a decline in the number of member physicians during 2021. Rating is significantly influenced by the weak financial results of EmblemHealth Inc. Weak profitability index (0.9) with 9.5 million in losses in the last two years. Return on equity has been fair, averaging 8.4% over the last five years.
Other Rating Factors:
Good quality investment portfolio (6.6) containing junk bond exposure equal to 99.6% of capital. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
CT, MA, NH
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
EmblemHealth Inc
Investment Rating
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Company Address
175 Scott Swamp Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(860) 674-5700
NAIC Number
11209
Website
Largest Affiliates
