C
FirstCarolinaCare Ins Co
Rating Date
September 2025
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: Good capitalization (4.9 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2018. Fair quality investment portfolio (4.2). Fair overall results on stability tests (4.6) based on fair risk-adjusted capital in prior years, a significant -15% decrease in enrollment during the period. Rating is significantly influenced by the acceptable financial results of Carle Foundation.
Other Rating Factors: Weak profitability index (0.7) with 24.2 million in losses in the last five years. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: NC, SC
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
663
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Carle Foundation
Investment Rating
--
Company Address
3310 Fields South Drive
Champaign, IL 61822
Phone Number
(800) 851-3379
NAIC Number
12962
Largest Affiliates
C
Champaign, IL - Health
C
Champaign, IL - Health
C
Champaign, IL - Health
C
Champaign, IL - Health