Major Rating Factors:
Weak profitability index (2.5 on a scale of 0 to 10) with operating losses during 2021 and 2022. Good overall results on stability tests (5.2) based on steady enrollment growth, averaging 9% over the past five years but excessive capital growth during 2023. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.2) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (9.5) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
OR
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
CareOregon Inc
Investment Rating
--
Company Address
315 Southwest Fifth Avenue
Portland, OR 97204
Portland, OR 97204
Phone Number
(503) 416-4100
NAIC Number
12277
Website
Largest Affiliates