Simply Healthcare Plans Inc

Norfolk, VA

Rating Date

April 2025

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.38

Risk Adjusted
Capital Ratio #2

1.15

Total
Assets

1.18B

Capital

414.31M

Health
Premiums

4.81B

Net
Income

175.82M

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Weiss Ratings	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	7.03
Investment Safety Index	7.22
Liquidity Index	6.22
Profitability Index	8.57
Reserve Adequacy Index	--
Stability Index	7.94

Company Info	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	13726
Phone Number	(800) 331-1476
Website	www.simplyhealthcareplans.com
Address	5800 Northampton Boulevard Norfolk, VA 23502

Balance Sheet	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Total Assets	1.18B

Capital and Reserves	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.38
Risk-Adjusted Capital Ratio #2	1.15
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	414.31M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
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	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	86.07%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	1.69M
Capitation Pay	471.14K
Contractual Pay	1.76M
Enrollment	934.71K
Fee For Service	177.75K
Medical Expense Per Member Per Month	$1,480.00
Network Physicians	50.90K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	5.38M
Total Patient Encounters-Non-Physician	7.41M

Profitability	Simply Healthcare Plans Inc Norfolk, VA	Click to Compare	Click to Compare	Click to Compare
Net Income	175.82M
Net Premium	4.81B
Health Premium	4.81B