B
UCare Health 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 profitability index (2.9 on a scale of 0 to 10) with operating losses during 2019 and 2020. Good overall results on stability tests (5.9) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of UCare Minnesota. Excellent capitalization index (9.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent liquidity (8.5) with ample operational cash flow and liquid investments. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: MN, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
968
Provider Compensation ($000)
Capitation Pay
41
Fee For Service
Contractual Pay
Salary
0
Bonus
10
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UCare Minnesota
Investment Rating
--
Company Address
500 Stinson Boulevard, NE
Minneapolis, MN 55413
Phone Number
(612) 676-6500
NAIC Number
12924
Largest Affiliates
B
Minneapolis, MN - Health
U
Minneapolis, MN - Health
Weiss Ratings