Major Rating Factors:
Excellent capitalization (7.1 on a scale of 0 to 10) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (0.8) with 37.0 million in losses in the last two years. Average return on equity over the last five years has been poor at -13.3%.
Other Rating Factors:
Weak quality investment portfolio (2.3). Weak overall results on stability tests (0.8) based on a significant -46% decrease in enrollment during the period, a steep decline in capital during 2022. Rating is significantly influenced by the strong financial results of Health Care Service Corporation.
Principal Lines of Business:
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Licensed in:
FL
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
Health Care Service Corporation
Investment Rating
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Company Address
300 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 653-6000
NAIC Number
11532
Website
Largest Affiliates