B
UCare Health Inc
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 (3.8 on a scale of 0 to 10) with operating losses during 2019 and 2020. Fair overall results on stability tests (4.4) based on rapid premium growth over the last five years. Rating is significantly influenced by the strong financial results of UCare Minnesota. Excellent capitalization (9.5) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017.
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 ($)
Provider Compensation ($000)
Capitation Pay
45
Fee For Service
Contractual Pay
Salary
0
Bonus
-45
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
-- - Health
Weiss Ratings