Major Rating Factors:
Fair quality investment portfolio (3.7 on a scale of 0 to 10) containing large holdings of mortgages. Fair overall results on stability tests (4.2) based on inordinate decline in capital during 2023. Rating is significantly influenced by the acceptable financial results of Health Care Service Corporation. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.8) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Weak profitability index (2.8) with 149.7 million in losses in the current year.
Principal Lines of Business:
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Licensed in:
All states except CA
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Health Care Service Corporation
Investment Rating
--
Company Address
300 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 653-6000
NAIC Number
12902
Website
Largest Affiliates