E
Paramount Advantage
Toledo,  OH
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
4.49
Risk Adjusted
Capital Ratio #2
3.74
Total
Assets
207.97M
Capital
90.75M
Health
Premiums
212.35M
Net
Income
-176.09M
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Weiss Ratings Paramount Advantage
Toledo, OH 		Click to
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Rating E
Capitalization Index 10.00
Investment Safety Index 9.73
Liquidity Index 10.00
Profitability Index 0.90
Reserve Adequacy Index --
Stability Index 0.26
Company Info Paramount Advantage
Toledo, OH 		Click to
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Industry Health
NAIC Number 12353
Phone Number (419) 887-2500
Website www.paramounthealthcare.com
Address 300 Madison Avenue Toledo, OH 43604
Balance Sheet Paramount Advantage
Toledo, OH 		Click to
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Total Assets 207.97M
Capital and Reserves Paramount Advantage
Toledo, OH 		Click to
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Risk-Adjusted Capital Ratio #1 4.49
Risk-Adjusted Capital Ratio #2 3.74
1-Year Reserve Development --
2-Year Reserve Development --
Capital 90.75M
Premium to Surplus --
Reserves to Surplus --
Investments Paramount Advantage
Toledo, OH 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Paramount Advantage
Toledo, OH 		Click to
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Medical Loss Ratio 81.87%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Paramount Advantage
Toledo, OH 		Click to
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Bonus Pay 0.00
Capitation Pay 2.37K
Contractual Pay 253.10K
Enrollment 0.00
Fee For Service 87.87K
Medical Expense Per Member Per Month $501.00
Network Physicians 96.13K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 33.17K
Total Patient Encounters-Non-Physician 2.41K
Profitability Paramount Advantage
Toledo, OH 		Click to
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Net Income -176.09M
Net Premium 212.35M
Health Premium 212.35M
Weiss Ratings