Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) based on excessive capital growth during 2023. Rating is significantly influenced by the strong financial results of Health Care Service Corporation. Excellent capitalization (7.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (0.6) with 113.6 million in losses in the last three years. Average return on equity over the last five years has been poor at -60.2%. Weak quality investment portfolio (1.8).
Principal Lines of Business:
--
Licensed in:
FL
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Health Care Service Corporation
Investment Rating
--
Company Address
300 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 653-6000
NAIC Number
11532
Website
Largest Affiliates