C
Paramount Advantage
ToledoOH
Rating Date
September 2023
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 profitability index (4.8 on a scale of 0 to 10) with operating losses during 2018 and 2019. Good overall results on stability tests (5.4). Excellent capitalization (8.4) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2019.
Other Rating Factors: Excellent quality investment portfolio (9.7) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OH
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
0
Bonus
0
Other
--
Member Physicians
Enrollment
0
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
ProMedica Health Systems Inc
Investment Rating
--
Company Address
300 Madison Avenue
Toledo, OH 43604
Phone Number
(419) 887-2500
NAIC Number
12353
Largest Affiliates
B
Toledo, OH - Health
B
Toledo, OH - Health
B
Weiss Ratings