Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2022. Weak overall results on stability tests (0.3) based on a significant -100% decrease in enrollment during the period, a steep decline in capital during 2022. Excellent capitalization (10.0) 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 (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
OH
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
ProMedica Health Systems Inc
Investment Rating
--
Company Address
300 Madison Avenue
Toledo, OH 43604
Toledo, OH 43604
Phone Number
(419) 887-2500
NAIC Number
12353
Largest Affiliates
