B
UCare Health Inc
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.35
Risk Adjusted
Capital Ratio #2
2.80
Total
Assets
38.71M
Capital
34.39M
Health
Premiums
43.34M
Net
Income
2.03M
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Weiss Ratings UCare Health Inc
Minneapolis, MN 		Click to
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Rating B
Capitalization Index 9.50
Investment Safety Index 0.00
Liquidity Index 8.50
Profitability Index 2.90
Reserve Adequacy Index --
Stability Index 5.86
Company Info UCare Health Inc
Minneapolis, MN 		Click to
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Industry Health
NAIC Number 12924
Phone Number (612) 676-6500
Website www.ucare.org
Address 500 Stinson Boulevard, NE Minneapolis, MN 55413
Balance Sheet UCare Health Inc
Minneapolis, MN 		Click to
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Total Assets 38.71M
Capital and Reserves UCare Health Inc
Minneapolis, MN 		Click to
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Risk-Adjusted Capital Ratio #1 3.35
Risk-Adjusted Capital Ratio #2 2.80
1-Year Reserve Development --
2-Year Reserve Development --
Capital 34.39M
Premium to Surplus --
Reserves to Surplus --
Investments UCare Health Inc
Minneapolis, MN 		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 UCare Health Inc
Minneapolis, MN 		Click to
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Medical Loss Ratio 88.88%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical UCare Health Inc
Minneapolis, MN 		Click to
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Bonus Pay 10.00
Capitation Pay 41.00
Contractual Pay 24.08K
Enrollment 3.77K
Fee For Service 15.29K
Medical Expense Per Member Per Month $3,438.00
Network Physicians 11.47K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 15.50K
Total Patient Encounters-Non-Physician 34.31K
Profitability UCare Health Inc
Minneapolis, MN 		Click to
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Net Income 2.03M
Net Premium 43.34M
Health Premium 43.34M