C
PHP Ins Co of IN Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair overall capitalization (4.7 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 two years. Fair overall results on stability tests (3.9) in spite of consistent premium and capital growth in the last five years but good risk-adjusted capital in prior years and rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of Physicians Health Plan of Northern Indiana Inc. Excellent profitability (8.9) with operating gains in each of the last five years.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IN
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
688
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Physicians Health Plan of Northern Indiana Inc
Investment Rating
--
Company Address
1700 Magnavox Way
Fort Wayne, IN 46804
Phone Number
(260) 432-6690
NAIC Number
12331
Largest Affiliates
B
Fort Wayne, IN - Health