C
Tufts Health Public Plans Inc
CantonMA
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 (3.0 on a scale of 0 to 10) with 72.6 million in losses in the last two years. Fair quality investment portfolio (4.7) containing large exposure to common stock. Good overall results on stability tests (6.7) based on steady enrollment growth, averaging 9% over the past five years.
Other Rating Factors: Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: MA, RI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
554
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Point32Health Inc
Investment Rating
--
Company Address
One Wellness Way
Canton, MA 02021
Phone Number
(617) 972-9400
NAIC Number
14131
Largest Affiliates
B
C
Canton, MA - Health
C
Canton, MA - Health
C
B
Canton, MA - Health
Weiss Ratings